WTI CRUDE OIL - 15 min. - Technical analysis published on 10/06/2022 (GMT)
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- Timeframe : 15 min.
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- Status : NEUTRAL
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
50%
11%
39%
My opinion
Neutral between 87.20 USD and 88.98 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 87.20 USD. The first resistance is located at 88.98 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by WTI CRUDE OIL.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
WTI CRUDE OIL rating 87.76 USD. The price registered an increase of +0.00% on the session with the lowest point at 87.37 USD and the highest point at 88.66 USD. The deviation from the price is +0.45% for the low point and -1.02% for the high point.87.37
88.66
87.76
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 80.32 | 82.84 | 86.98 | 87.76 | 88.02 | 100.57 | 106.48 |
| Change (%) | -8.48% | -5.61% | -0.89% | - | +0.30% | +14.60% | +21.33% |
| Change | -7.44 | -4.92 | -0.78 | - | +0.26 | +12.81 | +18.72 |
| Level | Intermediate | Major | Minor | - | Major | 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 | 82.98 | 84.20 | 85.98 | 87.20 | 88.98 | 90.20 | 91.98 |
| Camarilla | 86.94 | 87.21 | 87.49 | 87.76 | 88.04 | 88.31 | 88.59 |
| Woodie | 83.26 | 84.34 | 86.26 | 87.34 | 89.26 | 90.34 | 92.26 |
| Fibonacci | 84.20 | 85.35 | 86.05 | 87.20 | 88.35 | 89.05 | 90.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.49 | 72.87 | 76.18 | 79.56 | 82.87 | 86.25 | 89.56 |
| Camarilla | 77.65 | 78.26 | 78.88 | 79.49 | 80.10 | 80.72 | 81.33 |
| Woodie | 69.46 | 72.85 | 76.15 | 79.54 | 82.84 | 86.23 | 89.53 |
| Fibonacci | 72.87 | 75.43 | 77.00 | 79.56 | 82.12 | 83.69 | 86.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.09 | 68.17 | 73.83 | 81.91 | 87.57 | 95.65 | 101.31 |
| Camarilla | 75.71 | 76.97 | 78.23 | 79.49 | 80.75 | 82.01 | 83.27 |
| Woodie | 58.88 | 67.57 | 72.62 | 81.31 | 86.36 | 95.05 | 100.10 |
| Fibonacci | 68.17 | 73.42 | 76.66 | 81.91 | 87.16 | 90.40 | 95.65 |
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): | 53.16 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 0.99 | |
| AROON (14): | 28.58 | |
| DEMA (21): | 87.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 88.55 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 88.63 | |
| Zig ZAG (10): | 88.01 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 39.53 | |
| TEMA (21): | 87.90 | |
| Williams %R (14): | -44.96 | |
| Chande Momentum Oscillator (20): | 0.44 | |
| Repulse (5,40,3): | 0.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.40 |
| MA7: | 84.09 | |
| MA20: | 83.82 | |
| MA50: | 87.52 | |
| MA100: | 95.74 | |
| MAexp7: | 87.98 | |
| MAexp20: | 87.87 | |
| MAexp50: | 87.82 | |
| MAexp100: | 87.46 | |
| Price / MA7: | +4.36% | |
| Price / MA20: | +4.70% | |
| Price / MA50: | +0.27% | |
| Price / MA100: | -8.34% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | +0.34% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
Don't forget to follow the news on WTI CRUDE OIL. At the time of publication of this analysis, the latest news was as follows:
-
WTI Crude Oil Forecast October 5, 2022
-
WTI Crude Oil Forecast September 30, 2022
-
Technical Analysis: 29/09/2022 - WTI oil futures bounce-off 8-month low, downtrend intact
-
WTI Crude Oil Forecast September 29, 2022
-
WTI Crude Oil Forecast September 28, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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