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 - Daily - Technical analysis published on 06/29/2022 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 108.88 USD
My targets
116.40 USD (+4.66%)
117.63 USD (+5.76%)
My analysis
The basic bullish trend is very strong on WTI CRUDE OIL but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 108.88 USD. Crossing the first resistance at 116.40 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 117.63 USD as an objective. Crossing it would then enable buyers to target 126.68 USD. Caution, a return to below 108.88 USD would be a sign of a consolidation phase in the short-term basic trend. 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.3

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 Christiano19. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

WTI CRUDE OIL rating 111.22 USD. On the day, this instrument lost -0.48% with the lowest point at 110.78 USD and the highest point at 112.50 USD. The deviation from the price is +0.40% for the low point and -1.14% for the high point.

110.78
112.50
111.22

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Technical


A technical analysis in Daily of this WTI CRUDE OIL chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 95.92 104.58 110.47 111.22 117.63 126.68 197.78
Change (%) -13.76% -5.97% -0.67% - +5.76% +13.90% +77.83%
Change -15.30 -6.64 -0.75 - +6.41 +15.46 +86.56
Level Intermediate Major Intermediate - Major Minor Intermediate



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
Standard107.58108.60110.18111.20112.78113.80115.38
Camarilla111.05111.28111.52111.76112.00112.24112.48
Woodie107.86108.74110.46111.34113.06113.94115.66
Fibonacci108.60109.59110.21111.20112.19112.81113.80


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard92.7597.14102.38106.77112.01116.40121.64
Camarilla104.97105.86106.74107.62108.50109.39110.27
Woodie93.1897.35102.81106.98112.44116.61122.07
Fibonacci97.14100.82103.09106.77110.45112.72116.40


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 50.72
MACD (12,26,9): -0.2600
Directional Movement: -2.44
AROON (14): -42.86
DEMA (21): 111.45
Parabolic SAR (0,02-0,02-0,2): 113.18
Elder Ray (13): 0.83
Super Trend (3,10): 119.81
Zig ZAG (10): 111.24
VORTEX (21): 0.9800
Stochastique (14,3,5): 45.04
TEMA (21): 109.10
Williams %R (14): -53.36
Chande Momentum Oscillator (20): -8.26
Repulse (5,40,3): 2.3100
ROCnROLL: 1
TRIX (15,9): 0.0800
Courbe Coppock: 15.18
MA7: 108.59
MA20: 113.58
MA50: 108.39
MA100: 102.36
MAexp7: 110.04
MAexp20: 111.17
MAexp50: 108.40
MAexp100: 101.40
Price / MA7: +2.42%
Price / MA20: -2.08%
Price / MA50: +2.61%
Price / MA100: +8.66%
Price / MAexp7: +1.07%
Price / MAexp20: +0.04%
Price / MAexp50: +2.60%
Price / MAexp100: +9.68%

Quotes : - 10 min delayed data - NYMEX Futures

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

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