WTI CRUDE OIL - 1H - Technical analysis published on 01/25/2023 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Neutral
Technical indicators
67%
0%
33%
My opinion
Neutral between 80.07 USD and 81.51 USD
My targets
-
My analysis
There is no clear trend on WTI CRUDE OIL either on the basics or in the short term. Under these conditions, it is difficult to advise a trading direction. Staying away seems to be the best solution. The first resistance is located at 81.51 USD. The first support is located at 80.07 USD.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
The WTI CRUDE OIL price is 80.61 USD. On the day, this instrument gained +0.60% and was between 79.45 USD and 81.23 USD. This implies that the price is at +1.46% from its lowest and at -0.76% from its highest.79.45
81.23
80.61
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of WTI CRUDE OIL indicates that the overall trend is not clearly defined. This indecision is confirmed by the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 79.46 | 80.07 | 80.52 | 80.61 | 81.51 | 82.22 | 82.61 |
| Change (%) | -1.43% | -0.67% | -0.11% | - | +1.12% | +2.00% | +2.48% |
| Change | -1.15 | -0.54 | -0.09 | - | +0.90 | +1.61 | +2.00 |
| Level | Minor | Minor | Minor | - | Intermediate | Minor | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 76.56 | 78.11 | 79.12 | 80.67 | 81.68 | 83.23 | 84.24 |
| Camarilla | 79.43 | 79.66 | 79.90 | 80.13 | 80.37 | 80.60 | 80.83 |
| Woodie | 76.29 | 77.98 | 78.85 | 80.54 | 81.41 | 83.10 | 83.97 |
| Fibonacci | 78.11 | 79.09 | 79.69 | 80.67 | 81.65 | 82.25 | 83.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.94 | 76.69 | 79.17 | 80.92 | 83.40 | 85.15 | 87.63 |
| Camarilla | 80.48 | 80.87 | 81.25 | 81.64 | 82.03 | 82.42 | 82.80 |
| Woodie | 75.30 | 76.87 | 79.53 | 81.10 | 83.76 | 85.33 | 87.99 |
| Fibonacci | 76.69 | 78.31 | 79.31 | 80.92 | 82.54 | 83.54 | 85.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.38 | 65.47 | 73.02 | 78.11 | 85.66 | 90.75 | 98.30 |
| Camarilla | 77.08 | 78.24 | 79.40 | 80.56 | 81.72 | 82.88 | 84.04 |
| Woodie | 61.60 | 66.09 | 74.24 | 78.73 | 86.88 | 91.37 | 99.52 |
| Fibonacci | 65.47 | 70.30 | 73.29 | 78.11 | 82.94 | 85.93 | 90.75 |
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): | 55.05 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -2.04 | |
| AROON (14): | 7.15 | |
| DEMA (21): | 80.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 79.45 | |
| Elder Ray (13): | 0.45 | |
| Super Trend (3,10): | 81.22 | |
| Zig ZAG (10): | 80.78 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 73.98 | |
| TEMA (21): | 80.31 | |
| Williams %R (14): | -27.53 | |
| Chande Momentum Oscillator (20): | 0.28 | |
| Repulse (5,40,3): | 0.3300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.06 |
| MA7: | 80.72 | |
| MA20: | 78.40 | |
| MA50: | 78.31 | |
| MA100: | 82.15 | |
| MAexp7: | 80.46 | |
| MAexp20: | 80.42 | |
| MAexp50: | 80.72 | |
| MAexp100: | 80.73 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | +2.82% | |
| Price / MA50: | +2.94% | |
| Price / MA100: | -1.87% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.15% |
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 January 20, 2023
-
Technical Analysis: 19/01/2023 - WTI futures maintain bearish bias below downtrend line
-
WTI Crude Oil Forecast January 19, 2023
-
WTI Crude Oil Forecast January 13, 2023
-
WTI Crude Oil Forecast January 11, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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