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 - Daily - Technical analysis published on 12/08/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

50%

33%

17%

My opinion

Bearish under 73.86 USD

My targets

71.66 USD (-0.83%)

67.98 USD (-5.92%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WTI CRUDE OIL as long as the price remains well below 73.86 USD. The sellers' bearish objective is set at 71.66 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 67.98 USD. In case of crossing, the next objective would be the support located at 65.58 USD.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

3.4

Comment on the 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

The WTI CRUDE OIL price is 72.26 USD. The price has increased by +0.29% since the last closing with the lowest point at 70.91 USD and the highest point at 72.79 USD. The deviation from the price is +1.90% for the low point and -0.73% for the high point.

70.91

72.79

72.26

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this WTI CRUDE OIL chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 3 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	63.20	65.58	67.98	72.26	73.86	76.38	78.65
Change (%)	-12.54%	-9.24%	-5.92%	-	+2.21%	+5.70%	+8.84%
Change	-9.06	-6.68	-4.28	-	+1.60	+4.12	+6.39
Level	Major	Major	Intermediate	-	Major	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	66.53	68.02	70.04	71.53	73.55	75.04	77.06
Camarilla	71.09	71.41	71.73	72.05	72.37	72.69	73.02
Woodie	66.79	68.15	70.30	71.66	73.81	75.17	77.32
Fibonacci	68.02	69.36	70.19	71.53	72.87	73.70	75.04

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.98	56.71	61.48	67.21	71.98	77.71	82.48
Camarilla	63.37	64.34	65.30	66.26	67.22	68.19	69.15
Woodie	50.51	56.47	61.01	66.97	71.51	77.47	82.01
Fibonacci	56.71	60.72	63.20	67.21	71.22	73.70	77.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.80	51.12	58.34	71.66	78.88	92.20	99.42
Camarilla	59.92	61.80	63.69	65.57	67.45	69.34	71.22
Woodie	34.76	49.60	55.30	70.14	75.84	90.68	96.38
Fibonacci	51.12	58.96	63.81	71.66	79.50	84.35	92.20

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	44.96
MACD (12,26,9):	-2.8700
Directional Movement:	-13.61
AROON (14):	-64.29
DEMA (21):	69.68
Parabolic SAR (0,02-0,02-0,2):	62.64
Elder Ray (13):	0.26
Super Trend (3,10):	76.85
Zig ZAG (10):	72.22
VORTEX (21):	0.8400
Stochastique (14,3,5):	51.15
TEMA (21):	67.43
Williams %R (14):	-42.49
Chande Momentum Oscillator (20):	-4.56
Repulse (5,40,3):	3.0300
ROCnROLL:	-1
TRIX (15,9):	-0.5100
Courbe Coppock:	25.54

MA7:	68.31
MA20:	74.24
MA50:	78.41
MA100:	74.11
MAexp7:	70.31
MAexp20:	73.21
MAexp50:	75.50
MAexp100:	74.24
Price / MA7:	+5.78%
Price / MA20:	-2.67%
Price / MA50:	-7.84%
Price / MA100:	-2.50%
Price / MAexp7:	+2.77%
Price / MAexp20:	-1.30%
Price / MAexp50:	-4.29%
Price / MAexp100:	-2.67%

Quotes : - 10 min delayed data - 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:

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

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