WTI CRUDE OIL
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 - 1H - Technical analysis published on 01/04/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 47.52 USD
My targets
46.60 USD (-1.50%)
46.25 USD (-2.24%)
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 47.52 USD. The sellers” bearish objective is set at 46.60 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 46.25 USD. In case of crossing, the next objective would be the support located at 45.89 USD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.1

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 feromanya. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The WTI CRUDE OIL rating is 47.31 USD. The price is lower by -2.49% since the last closing and was traded between 47.18 USD and 49.83 USD over the period. The price is currently at +0.28% from its lowest and -5.06% from its highest.

47.18
49.83
47.31

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of WTI CRUDE OIL in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 45.89 46.25 46.60 47.31 47.52 48.42 48.66
Change (%) -3.00% -2.24% -1.50% - +0.44% +2.35% +2.85%
Change -1.42 -1.06 -0.71 - +0.21 +1.11 +1.35
Level Minor Minor Minor - Major Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard47.1947.4848.0048.2948.8149.1049.62
Camarilla48.3048.3748.4548.5248.5948.6748.74
Woodie47.3147.5448.1248.3548.9349.1649.74
Fibonacci47.4847.7947.9848.2948.6048.7949.10


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard46.2346.8747.6948.3349.1549.7950.61
Camarilla48.1248.2548.3948.5248.6548.7948.92
Woodie46.3346.9247.7948.3849.2549.8450.71
Fibonacci46.8747.4247.7748.3348.8849.2349.79


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard39.8041.8645.1947.2550.5852.6455.97
Camarilla47.0447.5348.0348.5249.0149.5150.00
Woodie40.4442.1845.8347.5751.2252.9656.61
Fibonacci41.8643.9245.1947.2549.3150.5852.64

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): 35.40
MACD (12,26,9): -0.2500
Directional Movement: -12.64
AROON (14): -85.71
DEMA (21): 48.03
Parabolic SAR (0,02-0,02-0,2): 49.11
Elder Ray (13): -0.73
Super Trend (3,10): 49.01
Zig ZAG (10): 47.29
VORTEX (21): 0.9100
Stochastique (14,3,5): 14.82
TEMA (21): 47.72
Williams %R (14): -95.09
Chande Momentum Oscillator (20): -2.31
Repulse (5,40,3): -0.9900
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 5.28
MA7: 48.03
MA20: 47.38
MA50: 43.66
MA100: 42.12
MAexp7: 47.81
MAexp20: 48.27
MAexp50: 48.36
MAexp100: 48.26
Price / MA7: -1.50%
Price / MA20: -0.15%
Price / MA50: +8.36%
Price / MA100: +12.32%
Price / MAexp7: -1.05%
Price / MAexp20: -1.99%
Price / MAexp50: -2.17%
Price / MAexp100: -1.97%

Quotes : 2021-01-04 20:51:25 - 10 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:

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

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