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 05/05/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 66.08 USD

My targets

70.07 USD (+5.16%)

74.66 USD (+12.06%)

My analysis

The bullish trend is currently very strong on WTI CRUDE OIL. As long as the price remains above the support at 66.08 USD, you could try to benefit from the boom. The first bullish objective is located at 70.07 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 74.66 USD as an objective. Crossing it would then enable buyers to target 76.38 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.8

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 66.63 USD. The price has increased by +1.43% since the last closing and was traded between 66.03 USD and 66.73 USD over the period. The price is currently at +0.91% from its lowest and -0.15% from its highest.

66.03

66.73

66.63

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by WTI CRUDE OIL:

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

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of WTI CRUDE OIL in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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	57.76	63.20	66.08	66.63	76.38	98.47	110.38
Change (%)	-13.31%	-5.15%	-0.83%	-	+14.63%	+47.79%	+65.66%
Change	-8.87	-3.43	-0.55	-	+9.75	+31.84	+43.75
Level	Intermediate	Major	Major	-	Major	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	62.69	63.49	64.59	65.39	66.49	67.29	68.39
Camarilla	65.17	65.34	65.52	65.69	65.86	66.04	66.21
Woodie	62.84	63.57	64.74	65.47	66.64	67.37	68.54
Fibonacci	63.49	64.22	64.66	65.39	66.12	66.56	67.29

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	56.19	58.43	61.00	63.24	65.81	68.05	70.62
Camarilla	62.26	62.70	63.14	63.58	64.02	64.46	64.90
Woodie	56.37	58.51	61.18	63.32	65.99	68.13	70.80
Fibonacci	58.43	60.26	61.40	63.24	65.07	66.21	68.05

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	51.14	54.39	58.98	62.23	66.82	70.07	74.66
Camarilla	61.42	62.14	62.86	63.58	64.30	65.02	65.74
Woodie	51.82	54.73	59.66	62.57	67.50	70.41	75.34
Fibonacci	54.39	57.38	59.23	62.23	65.22	67.07	70.07

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):	64.50
MACD (12,26,9):	1.1300
Directional Movement:	11.56
AROON (14):	64.29
DEMA (21):	64.48
Parabolic SAR (0,02-0,02-0,2):	62.91
Elder Ray (13):	2.53
Super Trend (3,10):	66.70
Zig ZAG (10):	66.48
VORTEX (21):	1.2000
Stochastique (14,3,5):	88.78
TEMA (21):	65.12
Williams %R (14):	-1.47
Chande Momentum Oscillator (20):	3.21
Repulse (5,40,3):	3.2400
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	9.66

MA7:	64.58
MA20:	62.68
MA50:	62.30
MA100:	57.75
MAexp7:	64.71
MAexp20:	63.19
MAexp50:	61.34
MAexp100:	57.59
Price / MA7:	+3.17%
Price / MA20:	+6.30%
Price / MA50:	+6.95%
Price / MA100:	+15.38%
Price / MAexp7:	+2.97%
Price / MAexp20:	+5.44%
Price / MAexp50:	+8.62%
Price / MAexp100:	+15.70%

Quotes : - 10 min delayed data - NYMEX Futures

News

The last news published on WTI CRUDE OIL at the time of the generation of this analysis was as follows:

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

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