WTI CRUDE OIL - 15 min. - Technical analysis published on 05/24/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 108.97 USD
My targets
111.78 USD (+1.21%)
113.28 USD (+2.56%)
My analysis
WTI CRUDE OIL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 108.97 USD. The next resistance located at 111.78 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 113.28 USD. After this resistance, buyers could then target 114.59 USD.
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
7.1
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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 110.45 USD. On the day, this instrument gained +0.15% with the lowest point at 108.61 USD and the highest point at 111.43 USD. The deviation from the price is +1.69% for the low point and -0.88% for the high point.108.61
111.43
110.45
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
A study of price movements over other periods shows the following variations:
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 bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 102.74 | 106.06 | 109.39 | 110.45 | 111.95 | 113.15 | 119.11 |
| Change (%) | -6.98% | -3.97% | -0.96% | - | +1.36% | +2.44% | +7.84% |
| Change | -7.71 | -4.39 | -1.06 | - | +1.50 | +2.70 | +8.66 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Major |
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 | 106.16 | 107.66 | 108.97 | 110.47 | 111.78 | 113.28 | 114.59 |
| Camarilla | 109.52 | 109.78 | 110.03 | 110.29 | 110.55 | 110.81 | 111.06 |
| Woodie | 106.08 | 107.61 | 108.89 | 110.42 | 111.70 | 113.23 | 114.51 |
| Fibonacci | 107.66 | 108.73 | 109.39 | 110.47 | 111.54 | 112.20 | 113.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 94.65 | 98.95 | 104.61 | 108.91 | 114.57 | 118.87 | 124.53 |
| Camarilla | 107.54 | 108.45 | 109.37 | 110.28 | 111.19 | 112.11 | 113.02 |
| Woodie | 95.34 | 99.29 | 105.30 | 109.25 | 115.26 | 119.21 | 125.22 |
| Fibonacci | 98.95 | 102.75 | 105.10 | 108.91 | 112.71 | 115.06 | 118.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.74 | 82.87 | 92.60 | 99.73 | 109.46 | 116.59 | 126.32 |
| Camarilla | 97.69 | 99.24 | 100.79 | 102.33 | 103.88 | 105.42 | 106.97 |
| Woodie | 77.04 | 83.52 | 93.90 | 100.38 | 110.76 | 117.24 | 127.62 |
| Fibonacci | 82.87 | 89.31 | 93.29 | 99.73 | 106.17 | 110.15 | 116.59 |
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): | 67.12 | |
| MACD (12,26,9): | 0.2800 | |
| Directional Movement: | 19.54 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 110.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 109.94 | |
| Elder Ray (13): | 0.67 | |
| Super Trend (3,10): | 109.82 | |
| Zig ZAG (10): | 111.17 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 69.81 | |
| TEMA (21): | 110.86 | |
| Williams %R (14): | -26.97 | |
| Chande Momentum Oscillator (20): | 0.29 | |
| Repulse (5,40,3): | 0.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.89 |
| MA7: | 109.99 | |
| MA20: | 105.49 | |
| MA50: | 102.32 | |
| MA100: | 94.42 | |
| MAexp7: | 110.76 | |
| MAexp20: | 110.39 | |
| MAexp50: | 110.09 | |
| MAexp100: | 110.06 | |
| Price / MA7: | +0.42% | |
| Price / MA20: | +4.70% | |
| Price / MA50: | +7.95% | |
| Price / MA100: | +16.98% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.35% |
Quotes :
-
10 min delayed data
-
NYMEX Futures
News
The last news published on WTI CRUDE OIL at the time of the generation of this analysis was as follows:
-
EUR/USD and WTI Crude Oil Forecast May 24, 2022
-
WTI Crude Oil and USD/CAD Forecast May 23, 2022
-
WTI Crude Oil and USD/CAD Forecast May 20, 2022
-
Technical Analysis: 19/05/2022 - WTI futures retreat to mid-Bollinger band, tad below 105 mark
-
WTI Crude Oil and USD/CAD Forecast May 19, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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