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
Analysis too old. There are no more charts available.
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
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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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by WTI CRUDE OIL:
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:
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 79.27 | 79.82 | 80.57 | 81.12 | 81.87 | 82.42 | 83.17 |
Camarilla | 80.95 | 81.07 | 81.19 | 81.31 | 81.43 | 81.55 | 81.67 |
Woodie | 79.36 | 79.87 | 80.66 | 81.17 | 81.96 | 82.47 | 83.26 |
Fibonacci | 79.82 | 80.32 | 80.63 | 81.12 | 81.62 | 81.93 | 82.42 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 71.02 | 72.99 | 76.17 | 78.14 | 81.32 | 83.29 | 86.47 |
Camarilla | 77.93 | 78.41 | 78.88 | 79.35 | 79.82 | 80.29 | 80.77 |
Woodie | 71.63 | 73.29 | 76.78 | 78.44 | 81.93 | 83.59 | 87.08 |
Fibonacci | 72.99 | 74.96 | 76.17 | 78.14 | 80.11 | 81.32 | 83.29 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 60.96 | 64.26 | 70.07 | 73.37 | 79.18 | 82.48 | 88.29 |
Camarilla | 73.38 | 74.21 | 75.05 | 75.88 | 76.72 | 77.55 | 78.39 |
Woodie | 62.22 | 64.89 | 71.33 | 74.00 | 80.44 | 83.11 | 89.55 |
Fibonacci | 64.26 | 67.74 | 69.89 | 73.37 | 76.85 | 79.00 | 82.48 |
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
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/NOK Forecast October 15, 2021
- WTI Crude Oil and USD/CAD Forecast October 14, 2021
- WTI Crude Oil and USD/CAD Forecast October 13, 2021
- WTI Crude Oil Forecast October 12, 2021
- WTI Crude Oil and USD/CAD Forecast October 11, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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