WTI CRUDE OIL

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	WBS
ISIN:

WTI CRUDE OIL - Daily - Technical analysis published on 09/14/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 38.15 USD

My targets

36.48 USD (-2.27%)

34.24 USD (-8.27%)

My analysis

WTI CRUDE OIL is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 38.15 USD. The next support located at 36.48 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 34.24 USD. Below this support, sellers could then target 28.34 USD.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.5

Comment on the 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

WTI CRUDE OIL rating 37.33 USD. The price has increased by +0.00% since the last closing and was traded between 36.82 USD and 37.68 USD over the period. The price is currently at +1.39% from its lowest and -0.93% from its highest.

36.82

37.68

37.33

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this WTI CRUDE OIL chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

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:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.57	20.05	28.34	37.33	42.60	51.11	58.73
Change (%)	-69.01%	-46.29%	-24.08%	-	+14.12%	+36.91%	+57.33%
Change	-25.76	-17.28	-8.99	-	+5.27	+13.78	+21.40
Level	Major	Minor	Intermediate	-	Major	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	31.77
MACD (12,26,9):	-1.2700
Directional Movement:	-23.73
AROON (14):	-42.85
DEMA (21):	38.20
Parabolic SAR (0,02-0,02-0,2):	40.44
Elder Ray (13):	-1.62
Super Trend (3,10):	41.01
Zig ZAG (10):	37.35
VORTEX (21):	0.7700
Stochastique (14,3,5):	16.64
TEMA (21):	36.84
Williams %R (14):	-86.29
Chande Momentum Oscillator (20):	-5.48
Repulse (5,40,3):	-0.8400
ROCnROLL:	2
TRIX (15,9):	-0.2800
Courbe Coppock:	24.82

MA7:	37.37
MA20:	40.47
MA50:	41.19
MA100:	37.94
MAexp7:	37.84
MAexp20:	39.59
MAexp50:	40.16
MAexp100:	40.32
Price / MA7:	-0.11%
Price / MA20:	-7.76%
Price / MA50:	-9.37%
Price / MA100:	-1.61%
Price / MAexp7:	-1.35%
Price / MAexp20:	-5.71%
Price / MAexp50:	-7.05%
Price / MAexp100:	-7.42%

Quotes : 2020-09-14 15:06:15 - 15 min delayed data - NYMEX Futures

News

The last news published on WTI CRUDE OIL at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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