WTI CRUDE OIL - 1H - Technical analysis published on 09/17/2021 (GMT)
- 151
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
44%
28%
28%
My opinion
Neutral between 71.53 USD and 73.14 USD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 73.14 USD. The first support is located at 71.53 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WTI CRUDE OIL rating 72.33 USD. The price registered a decrease of -0.39% on the session and was traded between 71.86 USD and 72.72 USD over the period. The price is currently at +0.65% from its lowest and -0.54% from its highest.71.86
72.72
72.33
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of WTI CRUDE OIL in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 68.82 | 69.91 | 71.53 | 72.33 | 73.14 | 73.86 | 76.38 |
| Change (%) | -4.85% | -3.35% | -1.11% | - | +1.12% | +2.12% | +5.60% |
| Change | -3.51 | -2.42 | -0.80 | - | +0.81 | +1.53 | +4.05 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 70.30 | 70.92 | 71.76 | 72.38 | 73.22 | 73.84 | 74.68 |
| Camarilla | 72.21 | 72.34 | 72.48 | 72.61 | 72.74 | 72.88 | 73.01 |
| Woodie | 70.42 | 70.98 | 71.88 | 72.44 | 73.34 | 73.90 | 74.80 |
| Fibonacci | 70.92 | 71.47 | 71.82 | 72.38 | 72.93 | 73.28 | 73.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.79 | 66.68 | 68.19 | 69.08 | 70.59 | 71.48 | 72.99 |
| Camarilla | 69.05 | 69.27 | 69.49 | 69.71 | 69.93 | 70.15 | 70.37 |
| Woodie | 66.11 | 66.84 | 68.51 | 69.24 | 70.91 | 71.64 | 73.31 |
| Fibonacci | 66.68 | 67.59 | 68.16 | 69.08 | 69.99 | 70.56 | 71.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.78 | 55.76 | 61.99 | 67.97 | 74.20 | 80.18 | 86.41 |
| Camarilla | 64.86 | 65.98 | 67.10 | 68.22 | 69.34 | 70.46 | 71.58 |
| Woodie | 49.91 | 55.82 | 62.12 | 68.03 | 74.33 | 80.24 | 86.54 |
| Fibonacci | 55.76 | 60.42 | 63.31 | 67.97 | 72.63 | 75.52 | 80.18 |
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): | 44.64 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -8.08 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 72.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 72.54 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 72.89 | |
| Zig ZAG (10): | 72.25 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 47.47 | |
| TEMA (21): | 72.20 | |
| Williams %R (14): | -45.88 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | 0.6400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.75 |
| MA7: | 70.86 | |
| MA20: | 69.25 | |
| MA50: | 69.47 | |
| MA100: | 69.33 | |
| MAexp7: | 72.27 | |
| MAexp20: | 72.33 | |
| MAexp50: | 72.15 | |
| MAexp100: | 71.58 | |
| Price / MA7: | +2.07% | |
| Price / MA20: | +4.45% | |
| Price / MA50: | +4.12% | |
| Price / MA100: | +4.33% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +1.05% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
The latest news and videos published on WTI CRUDE OIL at the time of the analysis were as follows:
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WTI Crude Oil Forecast September 17, 2021
-
WTI Crude Oil Forecast September 16, 2021
-
WTI Crude Oil Forecast September 15, 2021
-
WTI Crude Oil and USD/NOK Forecast September 14, 2021
-
WTI Crude Oil and USDCAD Forecast September 13, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
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