WTI CRUDE OIL - 15 min. - Technical analysis published on 03/21/2024 (GMT)
- 77
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
22%
56%
My opinion
Bearish under 81.58 USD
My targets
80.52 USD (-0.68%)
79.76 USD (-1.61%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WTI CRUDE OIL as long as the price remains well below 81.58 USD. The next bearish objective for sellers is set at 80.52 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 79.76 USD. If there is any crossing, the next objective would be the support located at 78.70 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5
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 KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WTI CRUDE OIL rating is 81.07 USD. On the day, this instrument lost -0.25% with the lowest point at 80.68 USD and the highest point at 81.92 USD. The deviation from the price is +0.48% for the low point and -1.04% for the high point.80.68
81.92
81.07
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of WTI CRUDE OIL in 15 min. shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
On the 18 technical indicators analysed, 4 are bullish, 10 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 78.14 | 79.69 | 80.84 | 81.07 | 81.81 | 83.12 | 84.16 |
| Change (%) | -3.61% | -1.70% | -0.28% | - | +0.91% | +2.53% | +3.81% |
| Change | -2.93 | -1.38 | -0.23 | - | +0.74 | +2.05 | +3.09 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Minor |
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 | 78.70 | 79.76 | 80.52 | 81.58 | 82.34 | 83.40 | 84.16 |
| Camarilla | 80.77 | 80.94 | 81.10 | 81.27 | 81.44 | 81.60 | 81.77 |
| Woodie | 78.54 | 79.69 | 80.36 | 81.51 | 82.18 | 83.33 | 84.00 |
| Fibonacci | 79.76 | 80.46 | 80.89 | 81.58 | 82.28 | 82.71 | 83.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.60 | 74.41 | 77.43 | 79.24 | 82.26 | 84.07 | 87.09 |
| Camarilla | 79.13 | 79.58 | 80.02 | 80.46 | 80.90 | 81.35 | 81.79 |
| Woodie | 73.22 | 74.71 | 78.05 | 79.54 | 82.88 | 84.37 | 87.71 |
| Fibonacci | 74.41 | 76.25 | 77.39 | 79.24 | 81.08 | 82.22 | 84.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.32 | 66.08 | 72.74 | 76.50 | 83.16 | 86.92 | 93.58 |
| Camarilla | 76.53 | 77.48 | 78.44 | 79.39 | 80.35 | 81.30 | 82.26 |
| Woodie | 63.76 | 66.81 | 74.18 | 77.23 | 84.60 | 87.65 | 95.02 |
| Fibonacci | 66.08 | 70.06 | 72.52 | 76.50 | 80.48 | 82.94 | 86.92 |
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): | 43.65 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -4.16 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 80.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 80.79 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 81.28 | |
| Zig ZAG (10): | 81.12 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 57.14 | |
| TEMA (21): | 80.95 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.32 |
| MA7: | 81.07 | |
| MA20: | 78.90 | |
| MA50: | 76.02 | |
| MA100: | 74.46 | |
| MAexp7: | 81.06 | |
| MAexp20: | 81.13 | |
| MAexp50: | 81.33 | |
| MAexp100: | 81.51 | |
| Price / MA7: | -0% | |
| Price / MA20: | +2.75% | |
| Price / MA50: | +6.64% | |
| Price / MA100: | +8.88% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -0.53% |
Quotes :
-
10 min delayed data
-
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:
-
Technical Analysis: 21/03/2024 - WTI crude oil futures slip from 4-month peak
-
Technical Analysis: 14/03/2024 - WTI oil futures fight with 80.80 bar
-
Technical Analysis: 08/03/2024 - WTI oil futures in fierce battle with 50.0% Fibo
-
Technical cheat sheet: The trader’s guide to Crude Oil WTI
-
Technical Analysis: 29/02/2024 - WTI oil futures restricted in a bullish trend
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis WTI CRUDE OIL - 15 min.