WTI CRUDE OIL - 15 min. - Technical analysis published on 12/09/2021 (GMT)
- 159
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 72.09 USD
My targets
71.18 USD (-1.11%)
70.00 USD (-2.75%)
My analysis
WTI CRUDE OIL is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 72.09 USD. The next support located at 71.18 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 70.00 USD. Below this support, sellers could then target 69.09 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.3
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
WTI CRUDE OIL rating 71.98 USD. The price registered a decrease of -0.53% on the session and was traded between 71.84 USD and 73.34 USD over the period. The price is currently at +0.19% from its lowest and -1.85% from its highest.71.84
73.34
71.98
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:
Technical
Technical analysis of this 15 min. chart of WTI CRUDE OIL indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
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 presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 65.58 | 67.36 | 70.91 | 71.98 | 73.86 | 76.38 | 78.65 |
| Change (%) | -8.89% | -6.42% | -1.49% | - | +2.61% | +6.11% | +9.27% |
| Change | -6.40 | -4.62 | -1.07 | - | +1.88 | +4.40 | +6.67 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.09 | 70.00 | 71.18 | 72.09 | 73.27 | 74.18 | 75.36 |
| Camarilla | 71.79 | 71.98 | 72.17 | 72.36 | 72.55 | 72.74 | 72.94 |
| Woodie | 69.23 | 70.07 | 71.32 | 72.16 | 73.41 | 74.25 | 75.50 |
| Fibonacci | 70.00 | 70.80 | 71.29 | 72.09 | 72.89 | 73.38 | 74.18 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 33.66 | |
| MACD (12,26,9): | -0.2200 | |
| Directional Movement: | -16.28 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 72.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 72.52 | |
| Elder Ray (13): | -0.26 | |
| Super Trend (3,10): | 72.80 | |
| Zig ZAG (10): | 71.99 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 17.09 | |
| TEMA (21): | 71.98 | |
| Williams %R (14): | -96.80 | |
| Chande Momentum Oscillator (20): | -0.82 | |
| Repulse (5,40,3): | -0.4700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.27 |
| MA7: | 69.18 | |
| MA20: | 73.77 | |
| MA50: | 78.35 | |
| MA100: | 74.12 | |
| MAexp7: | 72.18 | |
| MAexp20: | 72.46 | |
| MAexp50: | 72.58 | |
| MAexp100: | 72.42 | |
| Price / MA7: | +4.05% | |
| Price / MA20: | -2.43% | |
| Price / MA50: | -8.13% | |
| Price / MA100: | -2.89% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.66% | |
| Price / MAexp50: | -0.83% | |
| Price / MAexp100: | -0.61% |
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:
-
WTI Crude Oil and USD/CAD Forecast December 9, 2021
-
WTI Crude Oil Forecast December 8, 2021
-
WTI Crude Oil Forecast December 7, 2021
-
WTI Crude Oil and USD/CAD Forecast December 6, 2021
-
WTI Crude Oil Forecast December 3, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis WTI CRUDE OIL - 15 min.