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 01/18/2021 (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

67%

28%

My opinion

Bullish above 51.13 USD

My targets

55.97 USD (+6.94%)

56.12 USD (+7.23%)

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 51.13 USD. The buyers” bullish objective is set at 55.97 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 56.12 USD. If there is any crossing, the next objective would be the resistance located at 63.20 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

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 52.34 USD. The price registered a decrease of -0.15% on the session with the lowest point at 52.15 USD and the highest point at 52.37 USD. The deviation from the price is +0.36% for the low point and -0.06% for the high point.

52.15

52.37

52.34

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

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:

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 WTI CRUDE OIL in Daily shows a strongly overall bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	42.63	45.98	51.13	52.34	63.20	76.38	110.38
Change (%)	-18.55%	-12.15%	-2.31%	-	+20.75%	+45.93%	+110.89%
Change	-9.71	-6.36	-1.21	-	+10.86	+24.04	+58.04
Level	Major	Minor	Major	-	Major	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.94	51.35	51.72	52.13	52.50	52.91	53.28
Camarilla	51.88	51.95	52.02	52.09	52.16	52.23	52.30
Woodie	50.92	51.34	51.70	52.12	52.48	52.90	53.26
Fibonacci	51.35	51.65	51.83	52.13	52.43	52.61	52.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	48.83	50.17	51.26	52.60	53.69	55.03	56.12
Camarilla	51.69	51.92	52.14	52.36	52.58	52.81	53.03
Woodie	48.72	50.11	51.15	52.54	53.58	54.97	56.01
Fibonacci	50.17	51.10	51.67	52.60	53.53	54.10	55.03

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):	65.36
MACD (12,26,9):	1.7900
Directional Movement:	16.35
AROON (14):	50.00
DEMA (21):	52.93
Parabolic SAR (0,02-0,02-0,2):	51.10
Elder Ray (13):	0.77
Super Trend (3,10):	48.77
Zig ZAG (10):	52.24
VORTEX (21):	1.1300
Stochastique (14,3,5):	74.86
TEMA (21):	53.21
Williams %R (14):	-24.30
Chande Momentum Oscillator (20):	3.76
Repulse (5,40,3):	0.0500
ROCnROLL:	1
TRIX (15,9):	0.5400
Courbe Coppock:	18.79

MA7:	52.68
MA20:	50.19
MA50:	46.77
MA100:	43.13
MAexp7:	52.23
MAexp20:	50.53
MAexp50:	47.44
MAexp100:	44.64
Price / MA7:	-0.65%
Price / MA20:	+4.28%
Price / MA50:	+11.91%
Price / MA100:	+21.35%
Price / MAexp7:	+0.21%
Price / MAexp20:	+3.58%
Price / MAexp50:	+10.33%
Price / MAexp100:	+17.25%

Quotes : 2021-01-18 23:45:07 - 10 min delayed data - NYMEX Futures

News

The latest news and videos published on WTI CRUDE OIL at the time of the analysis were as follows:

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

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