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 - Daily - Technical analysis published on 06/24/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

28%

44%

28%

My opinion

Bearish under 110.47 USD

My targets

104.58 USD (-2.32%)

99.26 USD (-7.29%)

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 110.47 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 104.58 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 99.26 USD as an objective. Crossing it would then enable sellers to target 95.92 USD. Be careful, a return to above 110.47 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

0.9

Comment on the analysis

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 Gstar99. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The WTI CRUDE OIL rating is 107.06 USD. On the day, this instrument gained +2.68% and was traded between 103.64 USD and 108.58 USD over the period. The price is currently at +3.30% from its lowest and -1.40% from its highest.

103.64

108.58

107.06

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

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:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily 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. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

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

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

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	89.88	95.92	104.58	107.06	110.47	117.63	126.68
Change (%)	-16.05%	-10.41%	-2.32%	-	+3.19%	+9.87%	+18.33%
Change	-17.18	-11.14	-2.48	-	+3.41	+10.57	+19.62
Level	Minor	Intermediate	Major	-	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
Standard	97.31	99.82	102.04	104.55	106.77	109.28	111.50
Camarilla	102.97	103.40	103.84	104.27	104.70	105.14	105.57
Woodie	97.18	99.75	101.91	104.48	106.64	109.21	111.37
Fibonacci	99.82	101.62	102.74	104.55	106.35	107.47	109.28

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87.07	96.92	102.50	112.35	117.93	127.78	133.36
Camarilla	103.84	105.25	106.67	108.08	109.49	110.91	112.32
Woodie	84.94	95.85	100.37	111.28	115.80	126.71	131.23
Fibonacci	96.92	102.81	106.46	112.35	118.24	121.89	127.78

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	75.12	84.74	99.26	108.88	123.40	133.02	147.54
Camarilla	107.14	109.35	111.57	113.78	115.99	118.21	120.42
Woodie	77.57	85.97	101.71	110.11	125.85	134.25	149.99
Fibonacci	84.74	93.96	99.66	108.88	118.10	123.80	133.02

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):	43.43
MACD (12,26,9):	-0.4900
Directional Movement:	-9.14
AROON (14):	-42.85
DEMA (21):	111.59
Parabolic SAR (0,02-0,02-0,2):	116.49
Elder Ray (13):	-4.53
Super Trend (3,10):	119.81
Zig ZAG (10):	107.06
VORTEX (21):	0.9500
Stochastique (14,3,5):	20.85
TEMA (21):	108.63
Williams %R (14):	-73.25
Chande Momentum Oscillator (20):	-13.57
Repulse (5,40,3):	0.9400
ROCnROLL:	-1
TRIX (15,9):	0.2100
Courbe Coppock:	12.84

MA7:	108.57
MA20:	114.05
MA50:	107.74
MA100:	101.54
MAexp7:	108.61
MAexp20:	111.19
MAexp50:	108.06
MAexp100:	100.81
Price / MA7:	-1.39%
Price / MA20:	-6.13%
Price / MA50:	-0.63%
Price / MA100:	+5.44%
Price / MAexp7:	-1.43%
Price / MAexp20:	-3.71%
Price / MAexp50:	-0.93%
Price / MAexp100:	+6.20%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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