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 05/20/2022 (GMT)

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  • Timeframe : 15 min.
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  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 107.76 USD
My targets
112.29 USD (+1.78%)
114.68 USD (+3.95%)
My analysis
The bullish trend is currently very strong on WTI CRUDE OIL. As long as the price remains above the support at 107.76 USD, you could try to benefit from the boom. The first bullish objective is located at 112.29 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 114.68 USD as an objective. Crossing it would then enable buyers to target 119.21 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
8.8

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 Salama1012. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The WTI CRUDE OIL rating is 110.32 USD. The price has increased by +0.39% since the last closing and was between 108.13 USD and 110.99 USD. This implies that the price is at +2.03% from its lowest and at -0.60% from its highest.

108.13
110.99
110.32

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by WTI CRUDE OIL:
The Central Records scanner for higher/lower results shows an item:

Central Records

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 strongly bullish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 15 minutes



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 103.99 106.06 108.38 110.32 112.00 119.11 128.16
Change (%) -5.74% -3.86% -1.76% - +1.52% +7.97% +16.17%
Change -6.33 -4.26 -1.94 - +1.68 +8.79 +17.84
Level Intermediate Intermediate Intermediate - Intermediate Major Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard98.45100.84105.37107.76112.29114.68119.21
Camarilla107.99108.62109.26109.89110.52111.16111.79
Woodie99.51101.38106.43108.30113.35115.22120.27
Fibonacci100.84103.49105.12107.76110.41112.04114.68


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard87.4591.6499.89104.08112.33116.52124.77
Camarilla104.71105.85106.99108.13109.27110.41111.55
Woodie89.4792.66101.91105.10114.35117.54126.79
Fibonacci91.6496.4099.33104.08108.84111.77116.52


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard75.7482.8792.6099.73109.46116.59126.32
Camarilla97.6999.24100.79102.33103.88105.42106.97
Woodie77.0483.5293.90100.38110.76117.24127.62
Fibonacci82.8789.3193.2999.73106.17110.15116.59

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 55.61
MACD (12,26,9): 0.2000
Directional Movement: 9.14
AROON (14): 14.29
DEMA (21): 110.14
Parabolic SAR (0,02-0,02-0,2): 109.12
Elder Ray (13): 0.37
Super Trend (3,10): 109.12
Zig ZAG (10): 110.30
VORTEX (21): 1.1000
Stochastique (14,3,5): 75.00
TEMA (21): 110.25
Williams %R (14): -28.27
Chande Momentum Oscillator (20): 0.32
Repulse (5,40,3): 0.4700
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 0.51
MA7: 108.77
MA20: 104.24
MA50: 101.98
MA100: 93.60
MAexp7: 110.22
MAexp20: 109.89
MAexp50: 109.50
MAexp100: 109.08
Price / MA7: +1.43%
Price / MA20: +5.83%
Price / MA50: +8.18%
Price / MA100: +17.86%
Price / MAexp7: +0.09%
Price / MAexp20: +0.39%
Price / MAexp50: +0.75%
Price / MAexp100: +1.14%

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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