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WTI CRUDE OIL
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 - 15 min. - Technical analysis published on 03/26/2021 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 59.30 USD
My targets
62.01 USD (+1.97%)
62.37 USD (+2.57%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 59.30 USD remains possible. It is advisable to trade WTI CRUDE OIL with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 59.30 USD. The next bullish objective for buyers is set at 62.01 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 62.37 USD. If there is any crossing, the next objective would be the resistance located at 63.89 USD. PS: if there is a bearish break in the support located at 59.30 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2

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.

savas
This analysis was given by savas. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The WTI CRUDE OIL rating is 60.81 USD. The price registered an increase of +3.84% on the session with the lowest point at 58.32 USD and the highest point at 61.36 USD. The deviation from the price is +4.27% for the low point and -0.90% for the high point.

58.32
61.36
60.81

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

Central Gaps

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 study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 15 minutes


Pivot points : price is under support 3

Type : Neutral

Timeframe : 15 minutes


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


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.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 58.94 59.75 60.54 60.81 61.34 63.20 64.80
Change (%) -3.08% -1.74% -0.44% - +0.87% +3.93% +6.56%
Change -1.87 -1.06 -0.27 - +0.53 +2.39 +3.99
Level Minor Minor Minor - Intermediate Major Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard53.6355.5357.0558.9560.4762.3763.89
Camarilla57.6257.9358.2558.5658.8759.1959.50
Woodie53.4355.4456.8558.8660.2762.2863.69
Fibonacci55.5356.8457.6558.9560.2661.0762.37


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard49.4153.8157.6162.0165.8170.2174.01
Camarilla59.1759.9260.6761.4262.1762.9263.68
Woodie49.1253.6657.3261.8665.5270.0673.72
Fibonacci53.8156.9458.8762.0165.1467.0770.21


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard44.4348.9454.7959.3065.1569.6675.51
Camarilla57.7958.7459.6960.6461.5962.5463.49
Woodie45.1049.2855.4659.6465.8270.0076.18
Fibonacci48.9452.9055.3459.3063.2665.7069.66

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): 50.23
MACD (12,26,9): 0.0700
Directional Movement: 0.41
AROON (14): -21.43
DEMA (21): 61.00
Parabolic SAR (0,02-0,02-0,2): 61.26
Elder Ray (13): -0.06
Super Trend (3,10): 60.36
Zig ZAG (10): 60.83
VORTEX (21): 0.9900
Stochastique (14,3,5): 18.97
TEMA (21): 60.85
Williams %R (14): -81.54
Chande Momentum Oscillator (20): -0.22
Repulse (5,40,3): -0.0300
ROCnROLL: -1
TRIX (15,9): 0.0300
Courbe Coppock: 0.75
MA7: 60.19
MA20: 62.64
MA50: 59.24
MA100: 52.72
MAexp7: 60.85
MAexp20: 60.87
MAexp50: 60.54
MAexp100: 60.12
Price / MA7: +1.03%
Price / MA20: -2.92%
Price / MA50: +2.65%
Price / MA100: +15.35%
Price / MAexp7: -0.07%
Price / MAexp20: -0.10%
Price / MAexp50: +0.45%
Price / MAexp100: +1.15%

Quotes : 2021-03-26 20:47:27 - 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.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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