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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 06/17/2022 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 115.99 USD
My targets
119.68 USD (+2.20%)
121.76 USD (+3.98%)
My analysis
The bullish trend is currently very strong on WTI CRUDE OIL. As long as the price remains above the support at 115.99 USD, you could try to benefit from the boom. The first bullish objective is located at 119.68 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 121.76 USD as an objective. Crossing it would then enable buyers to target 125.45 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9

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.

Salama1012
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 117.10 USD. On the day, this instrument lost -0.42% and was traded between 116.33 USD and 117.52 USD over the period. The price is currently at +0.66% from its lowest and -0.36% from its highest.

116.33
117.52
117.10

The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of WTI CRUDE OIL indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



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

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

Central Candlesticks

Bearish harami cross

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 106.06 111.95 114.60 117.10 117.11 119.11 120.82
Change (%) -9.43% -4.40% -2.13% - +0.01% +1.72% +3.18%
Change -11.04 -5.15 -2.50 - +0.01 +2.01 +3.72
Level Major Intermediate Minor - 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
Standard108.14110.22113.91115.99119.68121.76125.45
Camarilla116.00116.53117.06117.59118.12118.65119.18
Woodie108.94110.62114.71116.39120.48122.16126.25
Fibonacci110.22112.43113.79115.99118.20119.56121.76


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard111.44114.29117.48120.33123.52126.37129.56
Camarilla119.01119.56120.12120.67121.22121.78122.33
Woodie111.61114.38117.65120.42123.69126.46129.73
Fibonacci114.29116.60118.02120.33122.64124.06126.37


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard76.6086.22100.74110.36124.88134.50149.02
Camarilla108.62110.83113.05115.26117.47119.69121.90
Woodie79.0587.45103.19111.59127.33135.73151.47
Fibonacci86.2295.44101.14110.36119.58125.28134.50

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): 58.87
MACD (12,26,9): 0.1000
Directional Movement: 8.35
AROON (14): 85.71
DEMA (21): 117.06
Parabolic SAR (0,02-0,02-0,2): 116.69
Elder Ray (13): 0.15
Super Trend (3,10): 116.53
Zig ZAG (10): 117.09
VORTEX (21): 1.0700
Stochastique (14,3,5): 70.66
TEMA (21): 117.10
Williams %R (14): -24.44
Chande Momentum Oscillator (20): 0.65
Repulse (5,40,3): 0.2900
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.58
MA7: 118.90
MA20: 116.74
MA50: 108.30
MA100: 101.79
MAexp7: 117.16
MAexp20: 116.96
MAexp50: 116.74
MAexp100: 116.61
Price / MA7: -1.51%
Price / MA20: +0.31%
Price / MA50: +8.13%
Price / MA100: +15.04%
Price / MAexp7: -0.05%
Price / MAexp20: +0.12%
Price / MAexp50: +0.31%
Price / MAexp100: +0.42%

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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