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 04/15/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 86.19 USD

My targets

83.76 USD (-0.65%)

82.28 USD (-2.41%)

My analysis

The bearish trend is currently very strong for WTI CRUDE OIL. As long as the price remains below the resistance at 86.19 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 83.76 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 82.28 USD as an objective. Crossing it would then enable sellers to target 79.69 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.5

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 rating is 84.31 USD. The price is lower by -1.58% since the last closing with the lowest point at 84.05 USD and the highest point at 86.11 USD. The deviation from the price is +0.31% for the low point and -2.09% for the high point.

84.05

86.11

84.31

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 15 min. chart of WTI CRUDE OIL indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	76.99	79.69	84.16	84.31	84.84	85.41	86.20
Change (%)	-8.68%	-5.48%	-0.18%	-	+0.63%	+1.30%	+2.24%
Change	-7.32	-4.62	-0.15	-	+0.53	+1.10	+1.89
Level	Major	Minor	Intermediate	-	Major	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	82.28	83.76	84.71	86.19	87.14	88.62	89.57
Camarilla	84.99	85.22	85.44	85.66	85.88	86.11	86.33
Woodie	82.02	83.63	84.45	86.06	86.88	88.49	89.31
Fibonacci	83.76	84.69	85.26	86.19	87.12	87.69	88.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	81.13	82.84	84.25	85.96	87.37	89.08	90.49
Camarilla	84.80	85.09	85.37	85.66	85.95	86.23	86.52
Woodie	80.98	82.77	84.10	85.89	87.22	89.01	90.34
Fibonacci	82.84	84.03	84.77	85.96	87.15	87.89	89.08

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	70.17	73.19	78.45	81.47	86.73	89.75	95.01
Camarilla	81.43	82.19	82.95	83.71	84.47	85.23	85.99
Woodie	71.29	73.75	79.57	82.03	87.85	90.31	96.13
Fibonacci	73.19	76.35	78.31	81.47	84.63	86.59	89.75

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):	44.12
MACD (12,26,9):	-0.1000
Directional Movement:	-4.85
AROON (14):	-35.71
DEMA (21):	84.62
Parabolic SAR (0,02-0,02-0,2):	84.15
Elder Ray (13):	-0.17
Super Trend (3,10):	85.21
Zig ZAG (10):	84.42
VORTEX (21):	0.9500
Stochastique (14,3,5):	33.59
TEMA (21):	84.56
Williams %R (14):	-69.47
Chande Momentum Oscillator (20):	-0.70
Repulse (5,40,3):	-0.1300
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.97

MA7:	85.68
MA20:	83.84
MA50:	79.66
MA100:	75.71
MAexp7:	84.57
MAexp20:	84.75
MAexp50:	84.94
MAexp100:	85.21
Price / MA7:	-1.60%
Price / MA20:	+0.56%
Price / MA50:	+5.84%
Price / MA100:	+11.36%
Price / MAexp7:	-0.31%
Price / MAexp20:	-0.52%
Price / MAexp50:	-0.74%
Price / MAexp100:	-1.06%

Quotes : - 10 min delayed data - NYMEX Futures

News

The latest news and videos published on WTI CRUDE OIL at the time of the analysis were as follows:

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

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