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 06/18/2024 (GMT)

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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
28%
39%
33%
My opinion
Bullish above 79.75 USD
My targets
81.52 USD (+1.63%)
82.43 USD (+2.77%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on WTI CRUDE OIL. As long as you are above the support located at 79.75 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 81.52 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 82.43 USD as an objective. Crossing it would then enable buyers to target 84.20 USD. If the support 79.75 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.1

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 80.21 USD. The price registered a decrease of -0.15% on the session with the lowest point at 80.13 USD and the highest point at 80.61 USD. The deviation from the price is +0.10% for the low point and -0.50% for the high point.

80.13
80.61
80.21

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.

Central Gaps

Bearish opening

Type : Bearish

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 result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of WTI CRUDE OIL indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 74.79 78.07 79.32 80.21 83.38 85.37 88.96
Change (%) -6.76% -2.67% -1.11% - +3.95% +6.43% +10.91%
Change -5.42 -2.14 -0.89 - +3.17 +5.16 +8.75
Level Major Major Minor - Minor Major Major



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
Standard76.1677.0778.8479.7581.5282.4384.20
Camarilla79.8780.1280.3680.6180.8681.1081.35
Woodie76.5977.2979.2779.9781.9582.6584.63
Fibonacci77.0778.0978.7379.7580.7781.4182.43


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard71.9273.5876.0177.6780.1081.7684.19
Camarilla77.3377.7078.0878.4578.8379.2079.58
Woodie72.3273.7776.4177.8680.5081.9584.59
Fibonacci73.5875.1476.1077.6779.2380.1981.76


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard70.7573.4575.2277.9279.6982.3984.16
Camarilla75.7676.1776.5876.9977.4077.8178.22
Woodie70.2973.2274.7677.6979.2382.1683.70
Fibonacci73.4575.1676.2177.9279.6380.6882.39

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): 46.04
MACD (12,26,9): 0.0300
Directional Movement: 2.31
AROON (14): -78.57
DEMA (21): 80.36
Parabolic SAR (0,02-0,02-0,2): 80.35
Elder Ray (13): -0.12
Super Trend (3,10): 80.45
Zig ZAG (10): 80.13
VORTEX (21): 0.8000
Stochastique (14,3,5): 2.15
TEMA (21): 80.18
Williams %R (14): -100.00
Chande Momentum Oscillator (20): -0.22
Repulse (5,40,3): -0.1800
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.53
MA7: 78.86
MA20: 77.46
MA50: 79.31
MA100: 78.20
MAexp7: 80.21
MAexp20: 80.28
MAexp50: 79.99
MAexp100: 79.53
Price / MA7: +1.71%
Price / MA20: +3.55%
Price / MA50: +1.13%
Price / MA100: +2.57%
Price / MAexp7: -0%
Price / MAexp20: -0.09%
Price / MAexp50: +0.28%
Price / MAexp100: +0.86%

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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