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 12/06/2021 (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
67%
0%
33%
My opinion
Bullish above 67.03 USD
My targets
68.45 USD (+0.74%)
70.65 USD (+3.97%)
My analysis
WTI CRUDE OIL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 67.03 USD. The next resistance located at 68.45 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 70.65 USD. After this resistance, buyers could then target 72.07 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9

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 Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The WTI CRUDE OIL price is 67.95 USD. The price has increased by +2.55% since the last closing with the lowest point at 66.72 USD and the highest point at 68.24 USD. The deviation from the price is +1.84% for the low point and -0.42% for the high point.

66.72
68.24
67.95

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a strongly bullish trend. 89.29% 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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


S3S2S1PriceR1R2R3
ProTrendLines 57.76 63.20 66.30 67.95 69.79 72.93 76.38
Change (%) -15.00% -6.99% -2.43% - +2.71% +7.33% +12.41%
Change -10.19 -4.75 -1.65 - +1.84 +4.98 +8.43
Level Minor Major Major - Minor Minor Major



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
Standard61.2163.4164.8367.0368.4570.6572.07
Camarilla65.2765.6065.9366.2666.5966.9267.26
Woodie60.8363.2264.4566.8468.0770.4671.69
Fibonacci63.4164.7965.6467.0368.4169.2670.65


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard50.9856.7161.4867.2171.9877.7182.48
Camarilla63.3764.3465.3066.2667.2268.1969.15
Woodie50.5156.4761.0166.9771.5177.4782.01
Fibonacci56.7160.7263.2067.2171.2273.7077.71


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard37.8051.1258.3471.6678.8892.2099.42
Camarilla59.9261.8063.6965.5767.4569.3471.22
Woodie34.7649.6055.3070.1475.8490.6896.38
Fibonacci51.1258.9663.8171.6679.5084.3592.20

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): 60.76
MACD (12,26,9): 0.1200
Directional Movement: 3.51
AROON (14): 78.57
DEMA (21): 67.96
Parabolic SAR (0,02-0,02-0,2): 67.62
Elder Ray (13): 0.12
Super Trend (3,10): 67.44
Zig ZAG (10): 67.96
VORTEX (21): 1.0500
Stochastique (14,3,5): 74.49
TEMA (21): 67.99
Williams %R (14): -24.49
Chande Momentum Oscillator (20): 0.23
Repulse (5,40,3): 0.2800
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 0.56
MA7: 67.22
MA20: 75.23
MA50: 78.50
MA100: 74.02
MAexp7: 67.90
MAexp20: 67.80
MAexp50: 67.63
MAexp100: 67.52
Price / MA7: +1.09%
Price / MA20: -9.68%
Price / MA50: -13.44%
Price / MA100: -8.20%
Price / MAexp7: +0.07%
Price / MAexp20: +0.22%
Price / MAexp50: +0.47%
Price / MAexp100: +0.64%

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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