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 - 15 min. - Technical analysis published on 03/22/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 80.27 USD

My targets

81.10 USD (+0.11%)

81.89 USD (+1.09%)

My analysis

WTI CRUDE OIL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 80.27 USD. The next resistance located at 81.10 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 81.89 USD. After this resistance, buyers could then target 82.72 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.7

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

Additional analysis

Quotes

The WTI CRUDE OIL price is 81.01 USD. On the day, this instrument lost -0.07% and was between 80.42 USD and 81.18 USD. This implies that the price is at +0.73% from its lowest and at -0.21% from its highest.

80.42

81.18

81.01

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by WTI CRUDE OIL:

The Central Records scanner for higher/lower results shows the following items:

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 15 min. chart of WTI CRUDE OIL indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 15 minutes

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 15 minutes

In fact, 13 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 : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	78.14	79.69	80.31	81.01	81.04	81.92	82.51
Change (%)	-3.54%	-1.63%	-0.86%	-	+0.04%	+1.12%	+1.85%
Change	-2.87	-1.32	-0.70	-	+0.03	+0.91	+1.50
Level	Intermediate	Major	Major	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.65	79.48	80.27	81.10	81.89	82.72	83.51
Camarilla	80.63	80.77	80.92	81.07	81.22	81.37	81.52
Woodie	78.64	79.47	80.26	81.09	81.88	82.71	83.50
Fibonacci	79.48	80.10	80.48	81.10	81.72	82.10	82.72

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):	70.98
MACD (12,26,9):	0.1200
Directional Movement:	26.17
AROON (14):	92.86
DEMA (21):	80.91
Parabolic SAR (0,02-0,02-0,2):	80.78
Elder Ray (13):	0.23
Super Trend (3,10):	80.65
Zig ZAG (10):	81.09
VORTEX (21):	1.2000
Stochastique (14,3,5):	81.29
TEMA (21):	81.03
Williams %R (14):	-16.90
Chande Momentum Oscillator (20):	0.50
Repulse (5,40,3):	0.1300
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	1.16

MA7:	81.34
MA20:	79.16
MA50:	76.23
MA100:	74.48
MAexp7:	80.98
MAexp20:	80.79
MAexp50:	80.75
MAexp100:	80.90
Price / MA7:	-0.41%
Price / MA20:	+2.34%
Price / MA50:	+6.27%
Price / MA100:	+8.77%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.27%
Price / MAexp50:	+0.32%
Price / MAexp100:	+0.14%

Quotes : - 10 min delayed data - NYMEX Futures

News

The last news published on WTI CRUDE OIL at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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