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 01/15/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 51.13 USD

My targets

55.97 USD (+4.05%)

59.84 USD (+11.24%)

My analysis

WTI CRUDE OIL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 51.13 USD. The next resistance located at 55.97 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 59.84 USD. After this resistance, buyers could then target 63.20 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.8

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

Additional analysis

Quotes

The WTI CRUDE OIL price is 53.79 USD. The price registered an increase of +0.41% on the session with the lowest point at 53.68 USD and the highest point at 53.83 USD. The deviation from the price is +0.20% for the low point and -0.07% for the high point.

53.68

53.83

53.79

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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 results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of WTI CRUDE OIL indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	42.63	45.98	51.13	53.79	63.20	76.38	110.38
Change (%)	-20.75%	-14.52%	-4.95%	-	+17.49%	+42.00%	+105.21%
Change	-11.16	-7.81	-2.66	-	+9.41	+22.59	+56.59
Level	Major	Minor	Major	-	Major	Major	Intermediate

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	51.21	51.73	52.72	53.24	54.23	54.75	55.74
Camarilla	53.31	53.44	53.58	53.72	53.86	54.00	54.14
Woodie	51.46	51.85	52.97	53.36	54.48	54.87	55.99
Fibonacci	51.73	52.30	52.66	53.24	53.81	54.17	54.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43.13	45.15	48.70	50.72	54.27	56.29	59.84
Camarilla	50.71	51.22	51.73	52.24	52.75	53.26	53.77
Woodie	43.89	45.53	49.46	51.10	55.03	56.67	60.60
Fibonacci	45.15	47.28	48.60	50.72	52.85	54.17	56.29

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	76.24
MACD (12,26,9):	2.0800
Directional Movement:	21.66
AROON (14):	50.00
DEMA (21):	52.96
Parabolic SAR (0,02-0,02-0,2):	50.11
Elder Ray (13):	2.35
Super Trend (3,10):	49.67
Zig ZAG (10):	53.75
VORTEX (21):	1.2300
Stochastique (14,3,5):	93.80
TEMA (21):	53.57
Williams %R (14):	-2.37
Chande Momentum Oscillator (20):	5.76
Repulse (5,40,3):	2.7600
ROCnROLL:	1
TRIX (15,9):	0.5400
Courbe Coppock:	19.27

MA7:	52.71
MA20:	49.92
MA50:	46.23
MA100:	42.96
MAexp7:	52.61
MAexp20:	50.32
MAexp50:	47.11
MAexp100:	44.37
Price / MA7:	+2.05%
Price / MA20:	+7.75%
Price / MA50:	+16.35%
Price / MA100:	+25.21%
Price / MAexp7:	+2.24%
Price / MAexp20:	+6.90%
Price / MAexp50:	+14.18%
Price / MAexp100:	+21.23%

Quotes : 2021-01-15 00:04:17 - 10 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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