WTI CRUDE OIL
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 04/03/2024 (GMT)

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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
56%
28%
My opinion
Bullish above 84.93 USD
My targets
86.01 USD (+1.02%)
86.58 USD (+1.69%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 84.93 USD remains possible. It is advisable to trade WTI CRUDE OIL with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 84.93 USD. The next bullish objective for buyers is set at 86.01 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 86.58 USD. If there is any crossing, the next objective would be the resistance located at 87.66 USD. PS: if there is a bearish break in the support located at 84.93 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.3

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:
1H Daily Weekly

Additional analysis

Quotes

WTI CRUDE OIL rating 85.14 USD. On the day, this instrument lost -0.01% and was traded between 85.06 USD and 85.64 USD over the period. The price is currently at +0.09% from its lowest and -0.58% from its highest.

85.06
85.64
85.14

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 15 minutes



In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


MACD indicator is back under 0

Type : Bearish

Timeframe : 15 minutes



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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 81.43 82.73 84.15 85.14 85.46 87.19 90.79
Change (%) -4.36% -2.83% -1.16% - +0.38% +2.41% +6.64%
Change -3.71 -2.41 -0.99 - +0.32 +2.05 +5.65
Level Minor Major Minor - Intermediate Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard82.7183.2884.3684.9386.0186.5887.66
Camarilla84.9985.1485.2985.4485.5985.7485.89
Woodie82.9783.4184.6285.0686.2786.7187.92
Fibonacci83.2883.9184.3084.9385.5685.9586.58


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard78.7579.6581.4182.3184.0784.9786.73
Camarilla82.4482.6882.9383.1783.4183.6683.90
Woodie79.1879.8781.8482.5384.5085.1987.16
Fibonacci79.6580.6781.2982.3183.3383.9584.97


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard70.1773.1978.4581.4786.7389.7595.01
Camarilla81.4382.1982.9583.7184.4785.2385.99
Woodie71.2973.7579.5782.0387.8590.3196.13
Fibonacci73.1976.3578.3181.4784.6386.5989.75

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): 43.41
MACD (12,26,9): 0.0100
Directional Movement: -8.91
AROON (14): -85.72
DEMA (21): 85.31
Parabolic SAR (0,02-0,02-0,2): 85.49
Elder Ray (13): -0.15
Super Trend (3,10): 85.47
Zig ZAG (10): 85.11
VORTEX (21): 1.0000
Stochastique (14,3,5): 5.86
TEMA (21): 85.18
Williams %R (14): -94.34
Chande Momentum Oscillator (20): -0.48
Repulse (5,40,3): -0.1100
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.68
MA7: 83.20
MA20: 80.96
MA50: 77.82
MA100: 74.89
MAexp7: 85.19
MAexp20: 85.26
MAexp50: 85.12
MAexp100: 84.80
Price / MA7: +2.33%
Price / MA20: +5.16%
Price / MA50: +9.41%
Price / MA100: +13.69%
Price / MAexp7: -0.06%
Price / MAexp20: -0.14%
Price / MAexp50: +0.02%
Price / MAexp100: +0.40%

Quotes : - 10 min delayed data - NYMEX Futures

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

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