WTI CRUDE OIL - 1H - Technical analysis published on 01/19/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 52.74 USD
My targets
52.24 USD (-0.29%)
51.76 USD (-1.20%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on WTI CRUDE OIL. As long as you are under the resistance located at 52.74 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 52.24 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 51.76 USD as an objective. Crossing it would then enable sellers to target 51.13 USD. If the resistance 52.74 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.3
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This analysis was given by SuperLubeCrude. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WTI CRUDE OIL rating is 52.39 USD. The price registered a decrease of -0.06% on the session with the lowest point at 52.15 USD and the highest point at 52.49 USD. The deviation from the price is +0.46% for the low point and -0.19% for the high point.52.15
52.49
52.39
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
A technical analysis in 1H of this WTI CRUDE OIL chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 51.13 | 51.76 | 52.24 | 52.39 | 52.74 | 53.28 | 53.93 |
| Change (%) | -2.41% | -1.20% | -0.29% | - | +0.67% | +1.70% | +2.94% |
| Change | -1.26 | -0.63 | -0.15 | - | +0.35 | +0.89 | +1.54 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.99 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 0.64 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 52.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 52.47 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 52.78 | |
| Zig ZAG (10): | 52.35 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 62.26 | |
| TEMA (21): | 52.36 | |
| Williams %R (14): | -30.19 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.49 |
| MA7: | 52.69 | |
| MA20: | 50.19 | |
| MA50: | 46.77 | |
| MA100: | 43.13 | |
| MAexp7: | 52.33 | |
| MAexp20: | 52.31 | |
| MAexp50: | 52.46 | |
| MAexp100: | 52.48 | |
| Price / MA7: | -0.57% | |
| Price / MA20: | +4.38% | |
| Price / MA50: | +12.02% | |
| Price / MA100: | +21.47% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.17% |
Quotes :
2021-01-19 05:24:42
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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:
-
WTI Crude Oil Forecast January 19, 2021
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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