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 10/15/2021 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 81.12 USD
My targets
82.42 USD (+0.21%)
83.17 USD (+1.11%)
My analysis
The bullish trend is currently very strong on WTI CRUDE OIL. As long as the price remains above the support at 81.12 USD, you could try to benefit from the boom. The first bullish objective is located at 82.42 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 83.17 USD as an objective. Crossing it would then enable buyers to target 98.47 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1

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 didi059. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The WTI CRUDE OIL rating is 82.25 USD. The price has increased by +1.16% since the last closing and was between 81.39 USD and 82.49 USD. This implies that the price is at +1.06% from its lowest and at -0.29% from its highest.

81.39
82.49
82.25

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by WTI CRUDE OIL:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of WTI CRUDE OIL indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 15 minutes



In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 77.48 79.45 81.66 82.25 98.47 110.38 145.29
Change (%) -5.80% -3.40% -0.72% - +19.72% +34.20% +76.64%
Change -4.77 -2.80 -0.59 - +16.22 +28.13 +63.04
Level Minor Major Intermediate - Minor Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard79.2779.8280.5781.1281.8782.4283.17
Camarilla80.9581.0781.1981.3181.4381.5581.67
Woodie79.3679.8780.6681.1781.9682.4783.26
Fibonacci79.8280.3280.6381.1281.6281.9382.42


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard71.0272.9976.1778.1481.3283.2986.47
Camarilla77.9378.4178.8879.3579.8280.2980.77
Woodie71.6373.2976.7878.4481.9383.5987.08
Fibonacci72.9974.9676.1778.1480.1181.3283.29


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard60.9664.2670.0773.3779.1882.4888.29
Camarilla73.3874.2175.0575.8876.7277.5578.39
Woodie62.2264.8971.3374.0080.4483.1189.55
Fibonacci64.2667.7469.8973.3776.8579.0082.48

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): 53.46
MACD (12,26,9): 0.0200
Directional Movement: -4.41
AROON (14): -64.29
DEMA (21): 82.14
Parabolic SAR (0,02-0,02-0,2): 82.41
Elder Ray (13): 0.05
Super Trend (3,10): 81.71
Zig ZAG (10): 82.15
VORTEX (21): 1.0800
Stochastique (14,3,5): 61.62
TEMA (21): 82.11
Williams %R (14): -34.62
Chande Momentum Oscillator (20): -0.04
Repulse (5,40,3): 0.1400
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.21
MA7: 80.39
MA20: 76.67
MA50: 71.69
MA100: 71.63
MAexp7: 82.13
MAexp20: 82.12
MAexp50: 82.03
MAexp100: 81.82
Price / MA7: +2.31%
Price / MA20: +7.28%
Price / MA50: +14.73%
Price / MA100: +14.83%
Price / MAexp7: +0.15%
Price / MAexp20: +0.16%
Price / MAexp50: +0.27%
Price / MAexp100: +0.53%

Quotes : - 10 min delayed data - NYMEX Futures

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

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