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

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 104.58 USD

My targets

117.63 USD (+9.30%)

126.68 USD (+17.71%)

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 104.58 USD. The next resistance located at 117.63 USD is the next bullish objective 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 126.68 USD. After this resistance, buyers could then target 197.78 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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

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

WTI CRUDE OIL rating 107.62 USD. The price registered a decrease of -1.77% over 5 days with the lowest point at 101.53 USD and the highest point at 111.16 USD. The deviation from the price is +6.00% for the low point and -3.18% for the high point.

101.53

111.16

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.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of WTI CRUDE OIL in Weekly shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	61.87	89.88	104.58	107.62	117.63	126.68	197.78
Change (%)	-42.51%	-16.48%	-2.82%	-	+9.30%	+17.71%	+83.78%
Change	-45.75	-17.74	-3.04	-	+10.01	+19.06	+90.16
Level	Major	Minor	Major	-	Major	Minor	Intermediate

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.40
MACD (12,26,9):	9.3400
Directional Movement:	5.74
AROON (14):	92.86
DEMA (21):	114.16
Parabolic SAR (0,02-0,02-0,2):	91.40
Elder Ray (13):	0.05
Super Trend (3,10):	87.24
Zig ZAG (10):	107.06
VORTEX (21):	1.0900
Stochastique (14,3,5):	66.74
TEMA (21):	115.78
Williams %R (14):	-44.95
Chande Momentum Oscillator (20):	12.20
Repulse (5,40,3):	-4.8100
ROCnROLL:	1
TRIX (15,9):	1.7000
Courbe Coppock:	33.70

MA7:	108.57
MA20:	114.05
MA50:	107.74
MA100:	101.54
MAexp7:	109.77
MAexp20:	101.52
MAexp50:	85.35
MAexp100:	71.53
Price / MA7:	-0.88%
Price / MA20:	-5.64%
Price / MA50:	-0.11%
Price / MA100:	+5.99%
Price / MAexp7:	-1.96%
Price / MAexp20:	+6.01%
Price / MAexp50:	+26.09%
Price / MAexp100:	+50.45%

Quotes : - 10 min delayed data - NYMEX Futures

News

The latest news and videos published on WTI CRUDE OIL at the time of the analysis were as follows:

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

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