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 04/19/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 82.59 USD
My targets
83.61 USD (+0.50%)
84.50 USD (+1.56%)
My analysis
The basic trend is currently slightly bullish on WTI CRUDE OIL and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 82.59 USD, purchases could be favourable. The first bullish objective would be the resistance located at 83.61 USD. Then the price could move towards 84.50 USD. Then 85.52 USD by extension. A return under the support to 82.59 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

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
0
10
4.5

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

The WTI CRUDE OIL price is 83.20 USD. The price registered an increase of +0.57% on the session and was between 81.80 USD and 86.27 USD. This implies that the price is at +1.71% from its lowest and at -3.56% from its highest.

81.80
86.27
83.20

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

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:

Central Records

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 slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


MACD indicator is back over 0

Type : Bullish

Timeframe : 15 minutes



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 81.56 82.05 82.55 83.20 84.16 85.11 86.18
Change (%) -1.97% -1.38% -0.78% - +1.15% +2.30% +3.58%
Change -1.64 -1.15 -0.65 - +0.96 +1.91 +2.98
Level Major Minor Minor - Minor Intermediate Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard79.7980.6881.7082.5983.6184.5085.52
Camarilla82.2182.3882.5682.7382.9183.0883.26
Woodie79.8780.7181.7882.6283.6984.5385.60
Fibonacci80.6881.4181.8682.5983.3283.7784.50


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard81.1382.8484.2585.9687.3789.0890.49
Camarilla84.8085.0985.3785.6685.9586.2386.52
Woodie80.9882.7784.1085.8987.2289.0190.34
Fibonacci82.8484.0384.7785.9687.1587.8989.08


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 57.94
MACD (12,26,9): -0.0200
Directional Movement: 7.23
AROON (14): 100.00
DEMA (21): 82.67
Parabolic SAR (0,02-0,02-0,2): 82.27
Elder Ray (13): 0.36
Super Trend (3,10): 82.26
Zig ZAG (10): 83.22
VORTEX (21): 0.9900
Stochastique (14,3,5): 94.29
TEMA (21): 82.91
Williams %R (14): -5.23
Chande Momentum Oscillator (20): 1.18
Repulse (5,40,3): 0.3300
ROCnROLL: 1
TRIX (15,9): -0.0300
Courbe Coppock: 2.12
MA7: 84.31
MA20: 84.23
MA50: 80.57
MA100: 76.09
MAexp7: 83.09
MAexp20: 82.79
MAexp50: 83.05
MAexp100: 83.18
Price / MA7: -1.32%
Price / MA20: -1.22%
Price / MA50: +3.26%
Price / MA100: +9.34%
Price / MAexp7: +0.13%
Price / MAexp20: +0.50%
Price / MAexp50: +0.18%
Price / MAexp100: +0.02%

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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