WTI CRUDE OIL - 15 min. - Technical analysis published on 03/26/2024 (GMT)
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- 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:
Strongly bearish
Underlying:
Neutral
Technical indicators
33%
11%
56%
My opinion
Bearish under 82.76 USD
My targets
81.67 USD (-0.23%)
80.87 USD (-1.21%)
My analysis
The strong short-term decrease of WTI CRUDE OIL should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 82.76 USD, a sale could be considered. The first bearish objective is located at 81.67 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 80.87 USD. If there is any crossing, the next objective would be support 79.78 USD. Caution, if there is a return to above 82.76 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
0.7
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Additional analysis
Quotes
The WTI CRUDE OIL rating is 81.86 USD. On the day, this instrument lost -0.11% and was traded between 81.61 USD and 82.36 USD over the period. The price is currently at +0.31% from its lowest and -0.61% from its highest.81.61
82.36
81.86
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 15 min. chart of WTI CRUDE OIL indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 80.31 | 80.72 | 81.43 | 81.86 | 81.92 | 82.73 | 83.12 |
| Change (%) | -1.89% | -1.39% | -0.53% | - | +0.07% | +1.06% | +1.54% |
| Change | -1.55 | -1.14 | -0.43 | - | +0.06 | +0.87 | +1.26 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | 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 | 78.98 | 79.78 | 80.87 | 81.67 | 82.76 | 83.56 | 84.65 |
| Camarilla | 81.43 | 81.60 | 81.78 | 81.95 | 82.12 | 82.30 | 82.47 |
| Woodie | 79.12 | 79.85 | 81.01 | 81.74 | 82.90 | 83.63 | 84.79 |
| Fibonacci | 79.78 | 80.51 | 80.95 | 81.67 | 82.40 | 82.84 | 83.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.76 | 78.53 | 79.58 | 81.35 | 82.40 | 84.17 | 85.22 |
| Camarilla | 79.86 | 80.11 | 80.37 | 80.63 | 80.89 | 81.15 | 81.41 |
| Woodie | 76.40 | 78.35 | 79.22 | 81.17 | 82.04 | 83.99 | 84.86 |
| Fibonacci | 78.53 | 79.61 | 80.27 | 81.35 | 82.43 | 83.09 | 84.17 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.30 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -1.07 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 82.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 82.35 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 81.65 | |
| Zig ZAG (10): | 82.03 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 52.44 | |
| TEMA (21): | 82.06 | |
| Williams %R (14): | -44.00 | |
| Chande Momentum Oscillator (20): | 0.14 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.32 |
| MA7: | 81.66 | |
| MA20: | 79.57 | |
| MA50: | 76.67 | |
| MA100: | 74.51 | |
| MAexp7: | 81.99 | |
| MAexp20: | 82.00 | |
| MAexp50: | 81.96 | |
| MAexp100: | 81.83 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +2.88% | |
| Price / MA50: | +6.77% | |
| Price / MA100: | +9.86% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | +0.04% |
Quotes :
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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:
-
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.
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