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 07/05/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

17%

67%

17%

My opinion

Bearish under 104.58 USD

My targets

99.24 USD (-2.33%)

90.05 USD (-11.38%)

My analysis

The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for WTI CRUDE OIL as long as the price remains well below 104.58 USD. The sellers' bearish objective is set at 99.24 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 90.05 USD. If there is any crossing, the next objective would be the support located at 89.88 USD.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

2.7

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 Simon1. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The WTI CRUDE OIL rating is 101.61 USD. The price registered a decrease of -6.29% on the session with the lowest point at 101.58 USD and the highest point at 111.45 USD. The deviation from the price is +0.03% for the low point and -8.83% for the high point.

101.58

111.45

101.61

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

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

A technical analysis in Daily of this WTI CRUDE OIL chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	61.87	75.47	89.88	101.61	104.58	111.76	117.63
Change (%)	-39.11%	-25.73%	-11.54%	-	+2.92%	+9.99%	+15.77%
Change	-39.74	-26.14	-11.73	-	+2.97	+10.15	+16.02
Level	Major	Minor	Intermediate	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	103.34	105.30	106.86	108.82	110.38	112.34	113.90
Camarilla	107.46	107.79	108.11	108.43	108.75	109.08	109.40
Woodie	103.15	105.20	106.67	108.72	110.19	112.24	113.71
Fibonacci	105.30	106.64	107.47	108.82	110.16	110.99	112.34

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	94.49	99.52	103.98	109.01	113.47	118.50	122.96
Camarilla	105.82	106.69	107.56	108.43	109.30	110.17	111.04
Woodie	94.20	99.38	103.69	108.87	113.18	118.36	122.67
Fibonacci	99.52	103.15	105.39	109.01	112.64	114.88	118.50

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.57	90.05	99.24	110.72	119.91	131.39	140.58
Camarilla	102.75	104.64	106.54	108.43	110.33	112.22	114.11
Woodie	77.43	89.48	98.10	110.15	118.77	130.82	139.44
Fibonacci	90.05	97.95	102.82	110.72	118.62	123.49	131.39

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):	38.84
MACD (12,26,9):	-1.3000
Directional Movement:	-10.45
AROON (14):	-35.71
DEMA (21):	108.34
Parabolic SAR (0,02-0,02-0,2):	114.05
Elder Ray (13):	-1.64
Super Trend (3,10):	119.81
Zig ZAG (10):	102.52
VORTEX (21):	0.8700
Stochastique (14,3,5):	26.82
TEMA (21):	105.54
Williams %R (14):	-95.99
Chande Momentum Oscillator (20):	-5.87
Repulse (5,40,3):	-12.0400
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	15.00

MA7:	107.99
MA20:	111.36
MA50:	109.05
MA100:	103.21
MAexp7:	106.97
MAexp20:	109.41
MAexp50:	108.02
MAexp100:	101.74
Price / MA7:	-5.91%
Price / MA20:	-8.76%
Price / MA50:	-6.82%
Price / MA100:	-1.55%
Price / MAexp7:	-4.99%
Price / MAexp20:	-7.11%
Price / MAexp50:	-5.92%
Price / MAexp100:	-0.11%

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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