WTI CRUDE OIL - 15 min. - Technical analysis published on 05/18/2022 (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 bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 111.82 USD
My targets
109.43 USD (-0.85%)
107.10 USD (-2.95%)
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 111.82 USD. The next support located at 109.43 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 107.10 USD. Below this support, sellers could then target 104.16 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.9
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This analysis was given by Salama1012. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WTI CRUDE OIL price is 110.36 USD. The price is lower by -1.82% since the last closing with the lowest point at 109.65 USD and the highest point at 115.42 USD. The deviation from the price is +0.65% for the low point and -4.38% for the high point.109.65
115.42
110.36
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
Here is a more detailed summary of the historical variations registered by WTI CRUDE OIL:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 99.76 | 104.16 | 108.42 | 110.36 | 111.18 | 114.36 | 121.47 |
| Change (%) | -9.60% | -5.62% | -1.76% | - | +0.74% | +3.62% | +10.07% |
| Change | -10.60 | -6.20 | -1.94 | - | +0.82 | +4.00 | +11.11 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.10 | 109.43 | 110.91 | 113.24 | 114.72 | 117.05 | 118.53 |
| Camarilla | 111.35 | 111.70 | 112.05 | 112.40 | 112.75 | 113.10 | 113.45 |
| Woodie | 106.69 | 109.22 | 110.50 | 113.03 | 114.31 | 116.84 | 118.12 |
| Fibonacci | 109.43 | 110.88 | 111.78 | 113.24 | 114.69 | 115.59 | 117.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 89.81 | 94.00 | 102.25 | 106.44 | 114.69 | 118.88 | 127.13 |
| Camarilla | 107.07 | 108.21 | 109.35 | 110.49 | 111.63 | 112.77 | 113.91 |
| Woodie | 91.83 | 95.02 | 104.27 | 107.46 | 116.71 | 119.90 | 129.15 |
| Fibonacci | 94.00 | 98.76 | 101.69 | 106.44 | 111.20 | 114.13 | 118.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.10 | 85.23 | 94.96 | 102.09 | 111.82 | 118.95 | 128.68 |
| Camarilla | 100.05 | 101.60 | 103.15 | 104.69 | 106.24 | 107.78 | 109.33 |
| Woodie | 79.40 | 85.88 | 96.26 | 102.74 | 113.12 | 119.60 | 129.98 |
| Fibonacci | 85.23 | 91.67 | 95.65 | 102.09 | 108.53 | 112.51 | 118.95 |
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): | 27.97 | |
| MACD (12,26,9): | -0.8800 | |
| Directional Movement: | -25.02 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 111.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 112.32 | |
| Elder Ray (13): | -1.50 | |
| Super Trend (3,10): | 112.83 | |
| Zig ZAG (10): | 110.42 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 10.73 | |
| TEMA (21): | 110.63 | |
| Williams %R (14): | -88.54 | |
| Chande Momentum Oscillator (20): | -3.84 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 6.25 |
| MA7: | 108.40 | |
| MA20: | 105.66 | |
| MA50: | 104.05 | |
| MA100: | 95.16 | |
| MAexp7: | 110.92 | |
| MAexp20: | 112.41 | |
| MAexp50: | 113.16 | |
| MAexp100: | 113.36 | |
| Price / MA7: | +1.81% | |
| Price / MA20: | +4.45% | |
| Price / MA50: | +6.06% | |
| Price / MA100: | +15.97% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | -1.82% | |
| Price / MAexp50: | -2.47% | |
| Price / MAexp100: | -2.65% |
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 Forecast May 18, 2022
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WTI Crude Oil and USD/CAD Forecast May 17, 2022
-
WTI Crude Oil and USD/CAD Forecast May 16, 2022
-
WTI Crude Oil Forecast May 13, 2022
-
WTI Crude Oil and USD/CAD Forecast May 12, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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