WTI CRUDE OIL - 1H - Technical analysis published on 09/14/2020 (GMT)
- Who voted?
- 126
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bearish
Technical indicators
22%
50%
28%
My opinion
Neutral between 36.48 USD and 37.70 USD
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 36.48 USD. The first resistance is located at 37.70 USD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Faisal. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WTI CRUDE OIL rating is 37.37 USD. The price has increased by +0.11% since the last closing with the lowest point at 36.82 USD and the highest point at 37.68 USD. The deviation from the price is +1.49% for the low point and -0.82% for the high point.36.82
37.68
37.37
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of WTI CRUDE OIL indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.05 | 28.34 | 36.13 | 37.37 | 38.50 | 40.22 | 41.86 |
| Change (%) | -46.35% | -24.16% | -3.32% | - | +3.02% | +7.63% | +12.01% |
| Change | -17.32 | -9.03 | -1.24 | - | +1.13 | +2.85 | +4.49 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.03 | 37.18 | 37.38 | 37.53 | 37.73 | 37.88 | 38.08 |
| Camarilla | 37.48 | 37.52 | 37.55 | 37.58 | 37.61 | 37.64 | 37.68 |
| Woodie | 37.06 | 37.19 | 37.41 | 37.54 | 37.76 | 37.89 | 38.11 |
| Fibonacci | 37.18 | 37.31 | 37.40 | 37.53 | 37.66 | 37.75 | 37.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.36 | 34.24 | 35.82 | 37.70 | 39.28 | 41.16 | 42.74 |
| Camarilla | 36.44 | 36.76 | 37.07 | 37.39 | 37.71 | 38.02 | 38.34 |
| Woodie | 32.20 | 34.17 | 35.66 | 37.63 | 39.12 | 41.09 | 42.58 |
| Fibonacci | 34.24 | 35.57 | 36.38 | 37.70 | 39.03 | 39.84 | 41.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.48 | 38.15 | 40.45 | 42.12 | 44.42 | 46.09 | 48.39 |
| Camarilla | 41.67 | 42.03 | 42.40 | 42.76 | 43.12 | 43.49 | 43.85 |
| Woodie | 36.81 | 38.31 | 40.78 | 42.28 | 44.75 | 46.25 | 48.72 |
| Fibonacci | 38.15 | 39.66 | 40.60 | 42.12 | 43.63 | 44.57 | 46.09 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.75 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -8.57 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 37.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 37.56 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 37.74 | |
| Zig ZAG (10): | 37.36 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 31.88 | |
| TEMA (21): | 37.16 | |
| Williams %R (14): | -61.63 | |
| Chande Momentum Oscillator (20): | -0.46 | |
| Repulse (5,40,3): | -0.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.57 |
| MA7: | 37.37 | |
| MA20: | 40.47 | |
| MA50: | 41.19 | |
| MA100: | 37.94 | |
| MAexp7: | 37.16 | |
| MAexp20: | 37.27 | |
| MAexp50: | 37.37 | |
| MAexp100: | 37.76 | |
| Price / MA7: | -0% | |
| Price / MA20: | -7.66% | |
| Price / MA50: | -9.27% | |
| Price / MA100: | -1.50% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -1.03% |
Quotes :
2020-09-14 15:05:38
-
15 min delayed data
-
NYMEX Futures
News
Don"t forget to follow the news on WTI CRUDE OIL. At the time of publication of this analysis, the latest news was as follows:
-
WTI Crude Oil Forecast September 14, 2020
-
WTI Crude Oil Forecast September 11, 2020
-
WTI Crude Oil Forecast September 10, 2020
-
WTI Crude Oil Forecast September 9, 2020
-
WTI Crude Oil Forecast September 8, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis WTI CRUDE OIL - 1H