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 02/21/2021 (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%

11%

22%

My opinion

Bullish above 55.93 USD

My targets

62.68 USD (+5.80%)

63.20 USD (+6.68%)

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 55.93 USD. The next resistance located at 62.68 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 63.20 USD. After this resistance, buyers could then target 76.38 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

7.9

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

WTI CRUDE OIL rating 59.24 USD. The price is lower by -2.12% since the last closing and was traded between 58.59 USD and 60.29 USD over the period. The price is currently at +1.11% from its lowest and -1.74% from its highest.

58.59

60.29

59.24

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

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 Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

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.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	49.10	51.13	53.57	59.24	63.20	76.38	110.38
Change (%)	-17.12%	-13.69%	-9.57%	-	+6.68%	+28.93%	+86.33%
Change	-10.14	-8.11	-5.67	-	+3.96	+17.14	+51.14
Level	Minor	Intermediate	Intermediate	-	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	56.98	58.39	59.45	60.86	61.92	63.33	64.39
Camarilla	59.84	60.07	60.29	60.52	60.75	60.97	61.20
Woodie	56.82	58.30	59.29	60.77	61.76	63.24	64.23
Fibonacci	58.39	59.33	59.91	60.86	61.80	62.38	63.33

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	54.89	55.94	57.71	58.76	60.53	61.58	63.35
Camarilla	58.70	58.95	59.21	59.47	59.73	59.99	60.25
Woodie	55.24	56.12	58.06	58.94	60.88	61.76	63.70
Fibonacci	55.94	57.02	57.69	58.76	59.84	60.51	61.58

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.43	44.80	49.18	51.55	55.93	58.30	62.68
Camarilla	51.69	52.31	52.93	53.55	54.17	54.79	55.41
Woodie	43.43	45.30	50.18	52.05	56.93	58.80	63.68
Fibonacci	44.80	47.38	48.98	51.55	54.13	55.73	58.30

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):	65.63
MACD (12,26,9):	2.3600
Directional Movement:	21.00
AROON (14):	92.86
DEMA (21):	60.33
Parabolic SAR (0,02-0,02-0,2):	62.26
Elder Ray (13):	0.98
Super Trend (3,10):	56.34
Zig ZAG (10):	59.04
VORTEX (21):	1.1500
Stochastique (14,3,5):	80.41
TEMA (21):	60.83
Williams %R (14):	-36.55
Chande Momentum Oscillator (20):	3.35
Repulse (5,40,3):	-2.1800
ROCnROLL:	1
TRIX (15,9):	0.6100
Courbe Coppock:	23.69

MA7:	59.80
MA20:	56.67
MA50:	52.60
MA100:	46.92
MAexp7:	59.52
MAexp20:	57.23
MAexp50:	53.17
MAexp100:	49.02
Price / MA7:	-0.94%
Price / MA20:	+4.54%
Price / MA50:	+12.62%
Price / MA100:	+26.26%
Price / MAexp7:	-0.47%
Price / MAexp20:	+3.51%
Price / MAexp50:	+11.42%
Price / MAexp100:	+20.85%

Quotes : 2021-02-19 22:40:05 - 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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