WTI CRUDE OIL - 1H - Technical analysis published on 01/17/2021 (GMT)
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- Timeframe : 1H
- - 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:
Bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 52.74 USD
My targets
51.13 USD (-2.35%)
50.43 USD (-3.69%)
My analysis
In the short term, we can see an acceleration in the bearish trend on WTI CRUDE OIL, which is a positive signal for sellers. As long as the price remains above 52.74 USD, a sale could be considered. The first bearish objective is located at 51.13 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 50.43 USD as an objective. Crossing it would then enable sellers to target 49.48 USD. If the price were to return above 52.74 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.6
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Additional analysis
Quotes
WTI CRUDE OIL rating 52.36 USD. The price is lower by -2.26% since the last closing and was traded between 51.83 USD and 53.83 USD over the period. The price is currently at +1.02% from its lowest and -2.73% from its highest.51.83
53.83
52.36
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 WTI CRUDE OIL in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 50.43 | 51.13 | 52.24 | 52.36 | 52.74 | 53.28 | 53.93 |
| Change (%) | -3.69% | -2.35% | -0.23% | - | +0.73% | +1.76% | +3.00% |
| Change | -1.93 | -1.23 | -0.12 | - | +0.38 | +0.92 | +1.57 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | 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 | 51.11 | 51.68 | 52.62 | 53.19 | 54.13 | 54.70 | 55.64 |
| Camarilla | 53.16 | 53.29 | 53.43 | 53.57 | 53.71 | 53.85 | 53.99 |
| Woodie | 51.31 | 51.77 | 52.82 | 53.28 | 54.33 | 54.79 | 55.84 |
| Fibonacci | 51.68 | 52.25 | 52.61 | 53.19 | 53.76 | 54.12 | 54.70 |
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): | 32.92 | |
| MACD (12,26,9): | -0.2600 | |
| Directional Movement: | -18.60 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 52.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 52.40 | |
| Elder Ray (13): | -0.39 | |
| Super Trend (3,10): | 53.09 | |
| Zig ZAG (10): | 52.04 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 26.09 | |
| TEMA (21): | 52.13 | |
| Williams %R (14): | -84.56 | |
| Chande Momentum Oscillator (20): | -0.78 | |
| Repulse (5,40,3): | -0.4500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 3.33 |
| MA7: | 52.44 | |
| MA20: | 49.83 | |
| MA50: | 46.19 | |
| MA100: | 42.94 | |
| MAexp7: | 52.30 | |
| MAexp20: | 52.65 | |
| MAexp50: | 52.85 | |
| MAexp100: | 52.64 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | +5.08% | |
| Price / MA50: | +13.36% | |
| Price / MA100: | +21.94% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | -1.16% | |
| Price / MAexp50: | -1.53% | |
| Price / MAexp100: | -1.14% |
Quotes :
2021-01-15 22:42:03
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10 min delayed data
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NYMEX Futures
News
The last news published on WTI CRUDE OIL at the time of the generation of this analysis was as follows:
-
WTI Crude Oil Forecast January 18, 2021
-
WTI Crude Oil and DAX Forecast January 15, 2021
-
WTI Crude Oil Forecast January 14, 2021
-
WTI Crude Oil and DAX Forecast January 13, 2021
-
WTI Crude Oil and DAX Forecast January 12, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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