WTI CRUDE OIL - 1H - Technical analysis published on 08/03/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Additional analysis
Quotes
The WTI CRUDE OIL rating is 71.82 USD. On the day, this instrument gained +0.79% and was traded between 70.97 USD and 71.96 USD over the period. The price is currently at +1.20% from its lowest and -0.19% from its highest.The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of WTI CRUDE OIL indicates that the overall trend is bearish. 75.00% 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 is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 70.56 | 71.08 | 71.42 | 71.82 | 72.32 | 72.93 | 74.23 |
Change (%) | -1.75% | -1.03% | -0.56% | - | +0.70% | +1.55% | +3.36% |
Change | -1.26 | -0.74 | -0.40 | - | +0.50 | +1.11 | +2.41 |
Level | Major | Minor | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 66.49 | 68.52 | 69.89 | 71.92 | 73.29 | 75.32 | 76.69 |
Camarilla | 70.33 | 70.64 | 70.95 | 71.26 | 71.57 | 71.88 | 72.20 |
Woodie | 66.16 | 68.36 | 69.56 | 71.76 | 72.96 | 75.16 | 76.36 |
Fibonacci | 68.52 | 69.82 | 70.62 | 71.92 | 73.22 | 74.02 | 75.32 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 67.83 | 69.20 | 71.50 | 72.87 | 75.17 | 76.54 | 78.84 |
Camarilla | 72.80 | 73.14 | 73.47 | 73.81 | 74.15 | 74.48 | 74.82 |
Woodie | 68.31 | 69.43 | 71.98 | 73.10 | 75.65 | 76.77 | 79.32 |
Fibonacci | 69.20 | 70.60 | 71.47 | 72.87 | 74.27 | 75.14 | 76.54 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 54.92 | 59.96 | 66.89 | 71.93 | 78.86 | 83.90 | 90.83 |
Camarilla | 70.52 | 71.62 | 72.71 | 73.81 | 74.91 | 76.01 | 77.10 |
Woodie | 55.86 | 60.43 | 67.83 | 72.40 | 79.80 | 84.37 | 91.77 |
Fibonacci | 59.96 | 64.54 | 67.36 | 71.93 | 76.51 | 79.33 | 83.90 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
RSI (14): | 50.42 | |
MACD (12,26,9): | -0.3000 | |
Directional Movement: | -1.29 | |
AROON (14): | 21.43 | |
DEMA (21): | 71.22 | |
Parabolic SAR (0,02-0,02-0,2): | 70.77 | |
Elder Ray (13): | 0.29 | |
Super Trend (3,10): | 72.08 | |
Zig ZAG (10): | 71.82 | |
VORTEX (21): | 0.8900 | |
Stochastique (14,3,5): | 79.45 | |
TEMA (21): | 71.23 | |
Williams %R (14): | -10.10 | |
Chande Momentum Oscillator (20): | 0.38 | |
Repulse (5,40,3): | 0.7400 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0900 | |
Courbe Coppock: | 0.19 |
MA7: | 72.40 | |
MA20: | 71.95 | |
MA50: | 71.50 | |
MA100: | 67.07 | |
MAexp7: | 71.52 | |
MAexp20: | 71.68 | |
MAexp50: | 72.20 | |
MAexp100: | 72.31 | |
Price / MA7: | -0.80% | |
Price / MA20: | -0.18% | |
Price / MA50: | +0.45% | |
Price / MA100: | +7.08% | |
Price / MAexp7: | +0.42% | |
Price / MAexp20: | +0.20% | |
Price / MAexp50: | -0.53% | |
Price / MAexp100: | -0.68% |
News
The last news published on WTI CRUDE OIL at the time of the generation of this analysis was as follows:
- WTI Crude Oil Forecast August 3, 2021
- WTI Crude Oil and USD/CAD Forecast August 2, 2021
- WTI Crude Oil and USD/MXN Forecast July 30, 2021
- WTI Crude Oil Forecast for July 29, 2021
- WTI Crude Oil and USD/CAD Forecast July 28, 2021
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