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: Strongly bearish
Underlying: Neutral
Technical indicators
17%
61%
22%
My opinion
Bearish under 81.33 USD
My targets
79.66 USD (-0.44%)
78.65 USD (-1.70%)
My analysis
The current short-term bearish acceleration registered on WTI CRUDE OIL should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 81.33 USD. Short-term sellers will use the support located at 79.66 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 78.65 USD. Crossing this support would then open the door for sellers to target 76.98 USD. Caution, if there is a return to below 81.33 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2.9

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 80.01 USD. On the day, this instrument lost -0.40% and was traded between 79.77 USD and 80.61 USD over the period. The price is currently at +0.30% from its lowest and -0.74% from its highest.

79.77
80.61
80.01

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
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


A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami cross

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 74.79 78.07 79.32 80.01 83.38 85.37 88.96
Change (%) -6.52% -2.42% -0.86% - +4.21% +6.70% +11.19%
Change -5.22 -1.94 -0.69 - +3.37 +5.36 +8.95
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
Standard75.9776.9878.6579.6681.3382.3484.01
Camarilla79.5979.8480.0880.3380.5880.8281.07
Woodie76.3177.1578.9979.8381.6782.5184.35
Fibonacci76.9878.0078.6379.6680.6881.3182.34


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): 35.08
MACD (12,26,9): -0.0600
Directional Movement: -20.06
AROON (14): -28.57
DEMA (21): 80.06
Parabolic SAR (0,02-0,02-0,2): 80.27
Elder Ray (13): -0.11
Super Trend (3,10): 80.25
Zig ZAG (10): 80.04
VORTEX (21): 0.8300
Stochastique (14,3,5): 23.64
TEMA (21): 80.01
Williams %R (14): -50.91
Chande Momentum Oscillator (20): -0.20
Repulse (5,40,3): -0.1800
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.38
MA7: 78.78
MA20: 77.44
MA50: 79.30
MA100: 78.19
MAexp7: 80.03
MAexp20: 80.12
MAexp50: 80.08
MAexp100: 79.77
Price / MA7: +1.56%
Price / MA20: +3.32%
Price / MA50: +0.90%
Price / MA100: +2.33%
Price / MAexp7: -0.02%
Price / MAexp20: -0.14%
Price / MAexp50: -0.09%
Price / MAexp100: +0.30%

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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