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 09/15/2020 (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

33%

44%

22%

My opinion

Bearish under 40.30 USD

My targets

36.10 USD (-4.72%)

32.32 USD (-14.71%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WTI CRUDE OIL as long as the price remains well below 40.30 USD. The sellers” bearish objective is set at 36.10 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 32.32 USD. In case of crossing, the next objective would be the support located at 28.34 USD.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

3.6

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

The WTI CRUDE OIL price is 37.89 USD. The price has increased by +1.69% since the last closing and was between 37.06 USD and 38.02 USD. This implies that the price is at +2.24% from its lowest and at -0.34% from its highest.

37.06

38.02

37.89

Here is a more detailed summary of the historical variations registered by WTI CRUDE OIL:

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

Technical analysis of this Daily chart of WTI CRUDE OIL indicates that the overall trend is bearish. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

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	37.89	42.60	51.11	58.73
Change (%)	-69.46%	-47.08%	-25.20%	-	+12.43%	+34.89%	+55.00%
Change	-26.32	-17.84	-9.55	-	+4.71	+13.22	+20.84
Level	Major	Minor	Intermediate	-	Major	Intermediate	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	36.90	37.02	37.13	37.25	37.36	37.48	37.59
Camarilla	37.18	37.20	37.22	37.24	37.26	37.28	37.30
Woodie	36.90	37.02	37.13	37.25	37.36	37.48	37.59
Fibonacci	37.02	37.11	37.16	37.25	37.34	37.39	37.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.32	34.22	35.78	37.68	39.24	41.14	42.70
Camarilla	36.38	36.70	37.01	37.33	37.65	37.96	38.28
Woodie	32.14	34.14	35.60	37.60	39.06	41.06	42.52
Fibonacci	34.22	35.55	36.36	37.68	39.01	39.82	41.14

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36.10	37.84	40.30	42.04	44.50	46.24	48.70
Camarilla	41.61	41.99	42.38	42.76	43.15	43.53	43.92
Woodie	36.46	38.02	40.66	42.22	44.86	46.42	49.06
Fibonacci	37.84	39.44	40.44	42.04	43.64	44.64	46.24

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	36.82
MACD (12,26,9):	-1.2200
Directional Movement:	-17.46
AROON (14):	-42.86
DEMA (21):	37.99
Parabolic SAR (0,02-0,02-0,2):	40.09
Elder Ray (13):	-1.10
Super Trend (3,10):	40.89
Zig ZAG (10):	37.94
VORTEX (21):	0.7800
Stochastique (14,3,5):	18.37
TEMA (21):	36.75
Williams %R (14):	-76.08
Chande Momentum Oscillator (20):	-4.83
Repulse (5,40,3):	2.2100
ROCnROLL:	2
TRIX (15,9):	-0.3000
Courbe Coppock:	24.61

MA7:	37.49
MA20:	40.20
MA50:	40.98
MA100:	37.79
MAexp7:	37.83
MAexp20:	39.36
MAexp50:	39.82
MAexp100:	39.13
Price / MA7:	+1.07%
Price / MA20:	-5.75%
Price / MA50:	-7.54%
Price / MA100:	+0.26%
Price / MAexp7:	+0.16%
Price / MAexp20:	-3.73%
Price / MAexp50:	-4.85%
Price / MAexp100:	-3.17%

Quotes : 2020-09-15 10:04:37 - 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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