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 10/06/2022 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

72%

28%

My opinion

Neutral between 87.57 USD and 95.65 USD

My targets

My analysis

The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 95.65 USD. The first support is located at 87.57 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, 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.

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

Additional analysis

Quotes

The WTI CRUDE OIL price is 87.64 USD. On the day, this instrument lost -0.14% with the lowest point at 87.37 USD and the highest point at 88.66 USD. The deviation from the price is +0.31% for the low point and -1.15% for the high point.

87.37

88.66

87.64

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of WTI CRUDE OIL in Daily shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	71.75	76.71	82.84	87.64	88.02	100.57	106.48
Change (%)	-18.13%	-12.47%	-5.48%	-	+0.43%	+14.75%	+21.50%
Change	-15.89	-10.93	-4.80	-	+0.38	+12.93	+18.84
Level	Intermediate	Major	Major	-	Major	Major	Minor

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

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	55.51
MACD (12,26,9):	-0.8100
Directional Movement:	3.67
AROON (14):	57.14
DEMA (21):	82.83
Parabolic SAR (0,02-0,02-0,2):	78.32
Elder Ray (13):	3.87
Super Trend (3,10):	90.01
Zig ZAG (10):	87.93
VORTEX (21):	1.0600
Stochastique (14,3,5):	90.23
TEMA (21):	84.03
Williams %R (14):	-5.80
Chande Momentum Oscillator (20):	3.98
Repulse (5,40,3):	3.8400
ROCnROLL:	-1
TRIX (15,9):	-0.3200
Courbe Coppock:	2.87

MA7:	84.09
MA20:	83.82
MA50:	87.52
MA100:	95.74
MAexp7:	84.95
MAexp20:	84.43
MAexp50:	87.69
MAexp100:	90.45
Price / MA7:	+4.22%
Price / MA20:	+4.56%
Price / MA50:	+0.14%
Price / MA100:	-8.46%
Price / MAexp7:	+3.17%
Price / MAexp20:	+3.80%
Price / MAexp50:	-0.06%
Price / MAexp100:	-3.11%

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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