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 05/15/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

83%

11%

My opinion

Bearish under 78.36 USD

My targets

77.34 USD (-1.10%)

76.66 USD (-1.97%)

My analysis

WTI CRUDE OIL is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 78.36 USD. The next support located at 77.34 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 76.66 USD. Below this support, sellers could then target 75.64 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.9

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

WTI CRUDE OIL rating 78.20 USD. The price has increased by +0.23% since the last closing with the lowest point at 78.14 USD and the highest point at 78.75 USD. The deviation from the price is +0.08% for the low point and -0.70% for the high point.

78.14

78.75

78.20

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

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by WTI CRUDE OIL:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

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. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 15 minutes

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 15 minutes

In fact, 15 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

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

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 15 minutes

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : 15 minutes

Bullish harami cross

Type : Bullish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	75.27	76.89	77.78	78.20	78.55	79.30	79.96
Change (%)	-3.75%	-1.68%	-0.54%	-	+0.45%	+1.41%	+2.25%
Change	-2.93	-1.31	-0.42	-	+0.35	+1.10	+1.76
Level	Intermediate	Minor	Intermediate	-	Major	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	75.64	76.66	77.34	78.36	79.04	80.06	80.74
Camarilla	77.55	77.71	77.86	78.02	78.18	78.33	78.49
Woodie	75.47	76.58	77.17	78.28	78.87	79.98	80.57
Fibonacci	76.66	77.31	77.71	78.36	79.01	79.41	80.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.71	75.30	76.78	78.37	79.85	81.44	82.92
Camarilla	77.42	77.70	77.98	78.26	78.54	78.82	79.10
Woodie	73.66	75.27	76.73	78.34	79.80	81.41	82.87
Fibonacci	75.30	76.47	77.20	78.37	79.54	80.27	81.44

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.68	73.75	76.38	81.45	84.08	89.15	91.78
Camarilla	76.88	77.59	78.29	79.00	79.71	80.41	81.12
Woodie	67.45	73.14	75.15	80.84	82.85	88.54	90.55
Fibonacci	73.75	76.70	78.51	81.45	84.40	86.21	89.15

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):	31.86
MACD (12,26,9):	-0.0500
Directional Movement:	-11.98
AROON (14):	-100.00
DEMA (21):	78.41
Parabolic SAR (0,02-0,02-0,2):	78.57
Elder Ray (13):	-0.21
Super Trend (3,10):	78.65
Zig ZAG (10):	78.18
VORTEX (21):	0.8600
Stochastique (14,3,5):	23.06
TEMA (21):	78.33
Williams %R (14):	-92.45
Chande Momentum Oscillator (20):	-0.39
Repulse (5,40,3):	-0.2600
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.65

MA7:	78.60
MA20:	80.42
MA50:	80.98
MA100:	76.84
MAexp7:	78.31
MAexp20:	78.46
MAexp50:	78.49
MAexp100:	78.53
Price / MA7:	-0.51%
Price / MA20:	-2.76%
Price / MA50:	-3.43%
Price / MA100:	+1.77%
Price / MAexp7:	-0.14%
Price / MAexp20:	-0.33%
Price / MAexp50:	-0.37%
Price / MAexp100:	-0.42%

Quotes : - 10 min delayed data - 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:

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

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