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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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
17%
33%
50%
My opinion
Bearish under 109.46 USD
My targets
107.76 USD (-1.54%)
105.37 USD (-3.73%)
My analysis
The strong short-term decline in WTI CRUDE OIL calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 109.46 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 107.76 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 105.37 USD as an objective. Crossing it would then enable sellers to target 100.84 USD. Be careful, a return to above 109.46 USD could jeopardize the reversal.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
0.9

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

Additional analysis

Quotes

The WTI CRUDE OIL price is 109.45 USD. The price is lower by -0.40% since the last closing and was between 108.13 USD and 110.99 USD. This implies that the price is at +1.22% from its lowest and at -1.39% from its highest.

108.13
110.99
109.45

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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


Technical analysis of this 15 min. chart of WTI CRUDE OIL indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 15 minutes


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 15 minutes


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes



The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 103.99 106.06 108.38 109.45 112.00 119.11 128.16
Change (%) -4.99% -3.10% -0.98% - +2.33% +8.83% +17.09%
Change -5.46 -3.39 -1.07 - +2.55 +9.66 +18.71
Level Intermediate Intermediate Intermediate - Intermediate Major Minor



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
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): 45.04
MACD (12,26,9): 0.0600
Directional Movement: -3.31
AROON (14): 14.29
DEMA (21): 110.03
Parabolic SAR (0,02-0,02-0,2): 110.99
Elder Ray (13): -0.43
Super Trend (3,10): 109.12
Zig ZAG (10): 109.49
VORTEX (21): 0.9500
Stochastique (14,3,5): 35.43
TEMA (21): 109.88
Williams %R (14): -90.58
Chande Momentum Oscillator (20): -0.84
Repulse (5,40,3): -0.9200
ROCnROLL: 2
TRIX (15,9): 0.0200
Courbe Coppock: 0.09
MA7: 108.63
MA20: 104.20
MA50: 101.96
MA100: 93.59
MAexp7: 109.86
MAexp20: 109.94
MAexp50: 109.67
MAexp100: 109.26
Price / MA7: +0.75%
Price / MA20: +5.04%
Price / MA50: +7.35%
Price / MA100: +16.95%
Price / MAexp7: -0.36%
Price / MAexp20: -0.44%
Price / MAexp50: -0.19%
Price / MAexp100: +0.18%

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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