WTI CRUDE OIL - 15 min. - Technical analysis published on 04/19/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 82.59 USD
My targets
81.70 USD (-0.44%)
80.68 USD (-1.69%)
My analysis
In the short term, we can see an acceleration in the bearish trend on WTI CRUDE OIL, which is a positive signal for sellers. As long as the price remains above 82.59 USD, a sale could be considered. The first bearish objective is located at 81.70 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 80.68 USD as an objective. Crossing it would then enable sellers to target 79.79 USD. If the price were to return above 82.59 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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Additional analysis
Quotes
The WTI CRUDE OIL rating is 82.06 USD. The price is lower by -0.81% since the last closing and was traded between 81.80 USD and 86.27 USD over the period. The price is currently at +0.32% from its lowest and -4.88% from its highest.81.80
86.27
82.06
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
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of WTI CRUDE OIL in 15 min. shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 79.69 | 81.56 | 82.05 | 82.06 | 82.55 | 84.16 | 85.11 |
| Change (%) | -2.89% | -0.61% | -0.01% | - | +0.60% | +2.56% | +3.72% |
| Change | -2.37 | -0.50 | -0.01 | - | +0.49 | +2.10 | +3.05 |
| Level | Intermediate | Major | Minor | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.79 | 80.68 | 81.70 | 82.59 | 83.61 | 84.50 | 85.52 |
| Camarilla | 82.21 | 82.38 | 82.56 | 82.73 | 82.91 | 83.08 | 83.26 |
| Woodie | 79.87 | 80.71 | 81.78 | 82.62 | 83.69 | 84.53 | 85.60 |
| Fibonacci | 80.68 | 81.41 | 81.86 | 82.59 | 83.32 | 83.77 | 84.50 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.53 | |
| MACD (12,26,9): | -0.4800 | |
| Directional Movement: | -18.58 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 82.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 82.73 | |
| Elder Ray (13): | -0.21 | |
| Super Trend (3,10): | 82.68 | |
| Zig ZAG (10): | 82.26 | |
| VORTEX (21): | 0.6600 | |
| Stochastique (14,3,5): | 21.01 | |
| TEMA (21): | 81.83 | |
| Williams %R (14): | -78.26 | |
| Chande Momentum Oscillator (20): | -1.16 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 2.76 |
| MA7: | 84.13 | |
| MA20: | 84.18 | |
| MA50: | 80.55 | |
| MA100: | 76.08 | |
| MAexp7: | 82.21 | |
| MAexp20: | 82.79 | |
| MAexp50: | 83.25 | |
| MAexp100: | 83.31 | |
| Price / MA7: | -2.46% | |
| Price / MA20: | -2.52% | |
| Price / MA50: | +1.87% | |
| Price / MA100: | +7.86% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.88% | |
| Price / MAexp50: | -1.43% | |
| Price / MAexp100: | -1.50% |
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: 04/04/2024 - WTI futures surge to a 5-month high
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Technical Analysis: 28/03/2024 - WTI oil futures in fierce battle with 50.0% Fibo
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Technical Analysis: 21/03/2024 - WTI crude oil futures slip from 4-month peak
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Technical Analysis: 14/03/2024 - WTI oil futures fight with 80.80 bar
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Technical Analysis: 08/03/2024 - WTI oil futures in fierce battle with 50.0% Fibo
This member declared not having a position on this financial instrument or a related financial instrument.
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