WTI CRUDE OIL - 15 min. - Technical analysis published on 10/20/2021 (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:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 82.17 USD
My targets
83.26 USD (+0.64%)
84.08 USD (+1.63%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on WTI CRUDE OIL as long as the price remains well above 82.17 USD. The buyers' bullish objective is set at 83.26 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 84.08 USD. If there is any crossing, the next objective would be the resistance located at 85.17 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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This analysis was given by didi059. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WTI CRUDE OIL rating 82.73 USD. The price has increased by +0.35% since the last closing and was traded between 80.78 USD and 82.94 USD over the period. The price is currently at +2.41% from its lowest and -0.25% from its highest.80.78
82.94
82.73
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 15 min. shows an overall bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 15 minutes
MACD indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
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.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 80.37 | 81.07 | 82.53 | 82.73 | 82.99 | 83.87 | 98.47 |
| Change (%) | -2.85% | -2.01% | -0.24% | - | +0.31% | +1.38% | +19.03% |
| Change | -2.36 | -1.66 | -0.20 | - | +0.26 | +1.14 | +15.74 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.44 | 80.26 | 81.35 | 82.17 | 83.26 | 84.08 | 85.17 |
| Camarilla | 81.92 | 82.09 | 82.27 | 82.44 | 82.62 | 82.79 | 82.97 |
| Woodie | 79.58 | 80.33 | 81.49 | 82.24 | 83.40 | 84.15 | 85.31 |
| Fibonacci | 80.26 | 80.99 | 81.44 | 82.17 | 82.90 | 83.35 | 84.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.01 | 78.21 | 80.25 | 81.45 | 83.49 | 84.69 | 86.73 |
| Camarilla | 81.39 | 81.69 | 81.98 | 82.28 | 82.58 | 82.87 | 83.17 |
| Woodie | 77.42 | 78.42 | 80.66 | 81.66 | 83.90 | 84.90 | 87.14 |
| Fibonacci | 78.21 | 79.45 | 80.22 | 81.45 | 82.69 | 83.46 | 84.69 |
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): | 68.61 | |
| MACD (12,26,9): | 0.1700 | |
| Directional Movement: | 22.05 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 82.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 81.16 | |
| Elder Ray (13): | 0.60 | |
| Super Trend (3,10): | 81.57 | |
| Zig ZAG (10): | 82.63 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 87.27 | |
| TEMA (21): | 82.25 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.94 | |
| Repulse (5,40,3): | 0.6000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.13 |
| MA7: | 81.72 | |
| MA20: | 78.39 | |
| MA50: | 72.54 | |
| MA100: | 72.08 | |
| MAexp7: | 82.04 | |
| MAexp20: | 81.84 | |
| MAexp50: | 81.83 | |
| MAexp100: | 81.97 | |
| Price / MA7: | +1.24% | |
| Price / MA20: | +5.54% | |
| Price / MA50: | +14.05% | |
| Price / MA100: | +14.78% | |
| Price / MAexp7: | +0.84% | |
| Price / MAexp20: | +1.09% | |
| Price / MAexp50: | +1.10% | |
| Price / MAexp100: | +0.93% |
Quotes :
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10 min delayed data
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NYMEX Futures
News
Don't forget to follow the news on WTI CRUDE OIL. At the time of publication of this analysis, the latest news was as follows:
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WTI Crude Oil and USD/CAD Forecast October 20, 2021
-
WTI Crude Oil Forecast October 19, 2021
-
WTI Crude Oil and USD/CAD Forecast October 18, 2021
-
WTI Crude Oil and USD/NOK Forecast October 15, 2021
-
WTI Crude Oil and USD/CAD Forecast October 14, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
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