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 01/14/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 52.75 USD
My targets
53.93 USD (+1.89%)
56.29 USD (+6.35%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 52.75 USD remains possible. It is advisable to trade WTI CRUDE OIL with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 52.75 USD. The next bullish objective for buyers is set at 53.93 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 56.29 USD. If there is any crossing, the next objective would be the resistance located at 63.20 USD. PS: if there is a bearish break in the support located at 52.75 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.6

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

Additional analysis

Quotes

The WTI CRUDE OIL price is 52.93 USD. The price has increased by +0.04% since the last closing and was between 52.24 USD and 53.29 USD. This implies that the price is at +1.32% from its lowest and at -0.68% from its highest.

52.24
53.29
52.93

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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 results:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this WTI CRUDE OIL chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, 10 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 49.48 51.13 52.75 52.93 53.93 63.20 76.38
Change (%) -6.52% -3.40% -0.34% - +1.89% +19.40% +44.30%
Change -3.45 -1.80 -0.18 - +1.00 +10.27 +23.45
Level Intermediate Major Intermediate - Intermediate Major Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard51.0051.7952.3553.1453.7054.4955.05
Camarilla52.5452.6652.7952.9153.0353.1653.28
Woodie50.8951.7352.2453.0853.5954.4354.94
Fibonacci51.7952.3152.6253.1453.6653.9754.49


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard43.1345.1548.7050.7254.2756.2959.84
Camarilla50.7151.2251.7352.2452.7553.2653.77
Woodie43.8945.5349.4651.1055.0356.6760.60
Fibonacci45.1547.2848.6050.7252.8554.1756.29


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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 50.59
MACD (12,26,9): -0.0900
Directional Movement: -5.82
AROON (14): -35.71
DEMA (21): 52.72
Parabolic SAR (0,02-0,02-0,2): 53.13
Elder Ray (13): -0.01
Super Trend (3,10): 53.34
Zig ZAG (10): 52.84
VORTEX (21): 0.9600
Stochastique (14,3,5): 50.16
TEMA (21): 52.64
Williams %R (14): -46.67
Chande Momentum Oscillator (20): -0.05
Repulse (5,40,3): 0.0700
ROCnROLL: 1
TRIX (15,9): -0.0300
Courbe Coppock: 0.34
MA7: 52.13
MA20: 49.58
MA50: 45.92
MA100: 42.85
MAexp7: 52.75
MAexp20: 52.86
MAexp50: 52.86
MAexp100: 52.42
Price / MA7: +1.53%
Price / MA20: +6.76%
Price / MA50: +15.27%
Price / MA100: +23.52%
Price / MAexp7: +0.34%
Price / MAexp20: +0.13%
Price / MAexp50: +0.13%
Price / MAexp100: +0.97%

Quotes : 2021-01-14 17:02:19 - 10 min delayed data - NYMEX Futures

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

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