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 - 1H - Technical analysis published on 06/24/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 107.14 USD
My targets
108.88 USD (+1.17%)
110.47 USD (+2.65%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on WTI CRUDE OIL. This is a positive signal for buyers. As long as the price remains above 107.14 USD, a purchase could be considered. The first bullish objective is located at 108.88 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 110.47 USD as an objective. Crossing it would then enable buyers to target 117.63 USD. In the event of a return below 107.14 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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
5.5

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:
15 min. Daily Weekly

Additional analysis

Quotes

The WTI CRUDE OIL rating is 107.62 USD. On the day, this instrument gained +0.00% and was between 103.64 USD and 108.58 USD. This implies that the price is at +3.84% from its lowest and at -0.88% from its highest.

103.64
108.58
107.62

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this WTI CRUDE OIL chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 102.32 104.58 107.14 107.62 110.47 117.63 122.20
Change (%) -4.92% -2.82% -0.45% - +2.65% +9.30% +13.55%
Change -5.30 -3.04 -0.48 - +2.85 +10.01 +14.58
Level Intermediate Major 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
Standard97.3199.82102.04104.55106.77109.28111.50
Camarilla102.97103.40103.84104.27104.70105.14105.57
Woodie97.1899.75101.91104.48106.64109.21111.37
Fibonacci99.82101.62102.74104.55106.35107.47109.28


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard87.0796.92102.50112.35117.93127.78133.36
Camarilla103.84105.25106.67108.08109.49110.91112.32
Woodie84.9495.85100.37111.28115.80126.71131.23
Fibonacci96.92102.81106.46112.35118.24121.89127.78


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard75.1284.7499.26108.88123.40133.02147.54
Camarilla107.14109.35111.57113.78115.99118.21120.42
Woodie77.5785.97101.71110.11125.85134.25149.99
Fibonacci84.7493.9699.66108.88118.10123.80133.02

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): 56.51
MACD (12,26,9): 0.6900
Directional Movement: 6.25
AROON (14): 50.00
DEMA (21): 107.05
Parabolic SAR (0,02-0,02-0,2): 106.30
Elder Ray (13): 0.71
Super Trend (3,10): 104.27
Zig ZAG (10): 107.06
VORTEX (21): 1.1300
Stochastique (14,3,5): 75.64
TEMA (21): 107.65
Williams %R (14): -30.77
Chande Momentum Oscillator (20): 1.84
Repulse (5,40,3): -0.1000
ROCnROLL: 1
TRIX (15,9): 0.0700
Courbe Coppock: 4.88
MA7: 108.57
MA20: 114.05
MA50: 107.74
MA100: 101.54
MAexp7: 107.08
MAexp20: 106.24
MAexp50: 105.86
MAexp100: 107.01
Price / MA7: -0.88%
Price / MA20: -5.64%
Price / MA50: -0.11%
Price / MA100: +5.99%
Price / MAexp7: -0.02%
Price / MAexp20: +0.77%
Price / MAexp50: +1.13%
Price / MAexp100: +0.05%

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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