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 01/04/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

28%

39%

33%

My opinion

Bullish above 45.89 USD

My targets

50.58 USD (+6.91%)

51.13 USD (+8.07%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on WTI CRUDE OIL as long as the price remains well above 45.89 USD. The buyers” bullish objective is set at 50.58 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 51.13 USD. If there is any crossing, the next objective would be the resistance located at 63.20 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

4.6

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 feromanya. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The WTI CRUDE OIL price is 47.31 USD. The price is lower by -2.49% since the last closing with the lowest point at 47.18 USD and the highest point at 49.83 USD. The deviation from the price is +0.28% for the low point and -5.06% for the high point.

47.18

49.83

47.31

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

A technical analysis in Daily of this WTI CRUDE OIL chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals 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 Moving Average 20

Type : Bearish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

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 under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	35.79	42.63	45.89	47.31	51.13	63.20	76.38
Change (%)	-24.35%	-9.89%	-3.00%	-	+8.07%	+33.59%	+61.45%
Change	-11.52	-4.68	-1.42	-	+3.82	+15.89	+29.07
Level	Intermediate	Major	Minor	-	Major	Major	Major

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	47.19	47.48	48.00	48.29	48.81	49.10	49.62
Camarilla	48.30	48.37	48.45	48.52	48.59	48.67	48.74
Woodie	47.31	47.54	48.12	48.35	48.93	49.16	49.74
Fibonacci	47.48	47.79	47.98	48.29	48.60	48.79	49.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46.23	46.87	47.69	48.33	49.15	49.79	50.61
Camarilla	48.12	48.25	48.39	48.52	48.65	48.79	48.92
Woodie	46.33	46.92	47.79	48.38	49.25	49.84	50.71
Fibonacci	46.87	47.42	47.77	48.33	48.88	49.23	49.79

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.80	41.86	45.19	47.25	50.58	52.64	55.97
Camarilla	47.04	47.53	48.03	48.52	49.01	49.51	50.00
Woodie	40.44	42.18	45.83	47.57	51.22	52.96	56.61
Fibonacci	41.86	43.92	45.19	47.25	49.31	50.58	52.64

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):	55.05
MACD (12,26,9):	1.1300
Directional Movement:	15.20
AROON (14):	92.86
DEMA (21):	48.77
Parabolic SAR (0,02-0,02-0,2):	46.16
Elder Ray (13):	0.85
Super Trend (3,10):	44.82
Zig ZAG (10):	47.32
VORTEX (21):	1.1100
Stochastique (14,3,5):	64.19
TEMA (21):	48.62
Williams %R (14):	-60.87
Chande Momentum Oscillator (20):	-0.31
Repulse (5,40,3):	-3.7000
ROCnROLL:	-1
TRIX (15,9):	0.4500
Courbe Coppock:	6.83

MA7:	48.03
MA20:	47.38
MA50:	43.66
MA100:	42.12
MAexp7:	47.92
MAexp20:	47.11
MAexp50:	44.85
MAexp100:	42.84
Price / MA7:	-1.50%
Price / MA20:	-0.15%
Price / MA50:	+8.36%
Price / MA100:	+12.32%
Price / MAexp7:	-1.27%
Price / MAexp20:	+0.42%
Price / MAexp50:	+5.48%
Price / MAexp100:	+10.43%

Quotes : 2021-01-04 20:52:15 - 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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