WTI CRUDE OIL - 1H - Technical analysis published on 06/21/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Additional analysis
Quotes
The WTI CRUDE OIL rating is 71.33 USD. The price registered an increase of +0.06% on the session and was between 71.12 USD and 72.05 USD. This implies that the price is at +0.30% from its lowest and at -1.00% from its highest.A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 1H shows an overall slightly bearish trend. 50.00% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 69.77 | 70.63 | 71.33 | 71.33 | 71.78 | 72.30 | 72.99 |
Change (%) | -2.19% | -0.98% | 0% | - | +0.63% | +1.36% | +2.33% |
Change | -1.56 | -0.70 | 0 | - | +0.45 | +0.97 | +1.66 |
Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 68.47 | 69.31 | 70.48 | 71.32 | 72.49 | 73.33 | 74.50 |
Camarilla | 71.09 | 71.27 | 71.46 | 71.64 | 71.82 | 72.01 | 72.19 |
Woodie | 68.63 | 69.39 | 70.64 | 71.40 | 72.65 | 73.41 | 74.66 |
Fibonacci | 69.31 | 70.08 | 70.56 | 71.32 | 72.09 | 72.57 | 73.33 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 66.72 | 68.25 | 69.94 | 71.47 | 73.16 | 74.69 | 76.38 |
Camarilla | 70.76 | 71.05 | 71.35 | 71.64 | 71.94 | 72.23 | 72.53 |
Woodie | 66.81 | 68.29 | 70.03 | 71.51 | 73.25 | 74.73 | 76.47 |
Fibonacci | 68.25 | 69.48 | 70.24 | 71.47 | 72.70 | 73.46 | 74.69 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 55.92 | 58.74 | 63.23 | 66.05 | 70.54 | 73.36 | 77.85 |
Camarilla | 65.71 | 66.38 | 67.05 | 67.72 | 68.39 | 69.06 | 69.73 |
Woodie | 56.76 | 59.16 | 64.07 | 66.47 | 71.38 | 73.78 | 78.69 |
Fibonacci | 58.74 | 61.53 | 63.26 | 66.05 | 68.84 | 70.57 | 73.36 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
RSI (14): | 48.75 | |
MACD (12,26,9): | 0.0500 | |
Directional Movement: | -7.71 | |
AROON (14): | 21.43 | |
DEMA (21): | 71.57 | |
Parabolic SAR (0,02-0,02-0,2): | 72.01 | |
Elder Ray (13): | -0.09 | |
Super Trend (3,10): | 70.98 | |
Zig ZAG (10): | 71.41 | |
VORTEX (21): | 1.1500 | |
Stochastique (14,3,5): | 30.11 | |
TEMA (21): | 71.59 | |
Williams %R (14): | -68.82 | |
Chande Momentum Oscillator (20): | -0.06 | |
Repulse (5,40,3): | -0.2600 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 0.32 |
MA7: | 71.44 | |
MA20: | 69.35 | |
MA50: | 66.06 | |
MA100: | 63.37 | |
MAexp7: | 71.47 | |
MAexp20: | 71.48 | |
MAexp50: | 71.43 | |
MAexp100: | 71.37 | |
Price / MA7: | -0.15% | |
Price / MA20: | +2.86% | |
Price / MA50: | +7.98% | |
Price / MA100: | +12.56% | |
Price / MAexp7: | -0.20% | |
Price / MAexp20: | -0.21% | |
Price / MAexp50: | -0.14% | |
Price / MAexp100: | -0.06% |
News
The last news published on WTI CRUDE OIL at the time of the generation of this analysis was as follows:
- WTI Crude Oil and USD/CAD Forecast June 21, 2021
- WTI Crude Oil and USD/CAD Forecast June 18, 2021
- WTI Crude Oil Forecast June 17, 2021
- WTI Crude Oil and USD/CAD Forecast June 16, 2021
- WTI Crude Oil Forecast June 15, 2021
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