WTI CRUDE OIL - 15 min. - Technical analysis published on 01/04/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 48.00 USD
My targets
47.19 USD (-0.27%)
46.60 USD (-1.52%)
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 48.00 USD. The sellers” bearish objective is set at 47.19 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 46.60 USD. In case of crossing, the next objective would be the support located at 46.25 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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Additional analysis
Quotes
WTI CRUDE OIL rating 47.32 USD. On the day, this instrument lost -2.47% with the lowest point at 47.18 USD and the highest point at 49.83 USD. The deviation from the price is +0.30% for the low point and -5.04% for the high point.47.18
49.83
47.32
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.
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 15 min. shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 45.89 | 46.25 | 46.60 | 47.32 | 47.52 | 48.42 | 48.66 |
| Change (%) | -3.02% | -2.26% | -1.52% | - | +0.42% | +2.32% | +2.83% |
| Change | -1.43 | -1.07 | -0.72 | - | +0.20 | +1.10 | +1.34 |
| 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 |
|---|---|---|---|---|---|---|---|
| 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): | 35.88 | |
| MACD (12,26,9): | -0.2500 | |
| Directional Movement: | -18.29 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 47.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 47.77 | |
| Elder Ray (13): | -0.23 | |
| Super Trend (3,10): | 48.08 | |
| Zig ZAG (10): | 47.32 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 17.62 | |
| TEMA (21): | 47.34 | |
| Williams %R (14): | -86.21 | |
| Chande Momentum Oscillator (20): | -0.19 | |
| Repulse (5,40,3): | -0.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 0.77 |
| MA7: | 48.03 | |
| MA20: | 47.38 | |
| MA50: | 43.66 | |
| MA100: | 42.12 | |
| MAexp7: | 47.47 | |
| MAexp20: | 47.69 | |
| MAexp50: | 48.11 | |
| MAexp100: | 48.33 | |
| Price / MA7: | -1.48% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | +8.38% | |
| Price / MA100: | +12.35% | |
| Price / MAexp7: | -0.32% | |
| Price / MAexp20: | -0.78% | |
| Price / MAexp50: | -1.64% | |
| Price / MAexp100: | -2.09% |
Quotes :
2021-01-04 20:52:43
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10 min delayed data
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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:
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WTI Crude Oil Forecast January 5, 2021
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WTI Crude Oil Forecast January 4, 2020
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WTI Crude Oil and DAX Forecast December 31, 2020
-
WTI Crude Oil Forecast December 30, 2020
-
WTI Crude Oil Forecast December 29, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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