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 : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 79.66 USD
My targets
81.33 USD (+0.27%)
82.34 USD (+1.51%)
My analysis
WTI CRUDE OIL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 79.66 USD. The next resistance located at 81.33 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 82.34 USD. After this resistance, buyers could then target 84.01 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4

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

WTI CRUDE OIL rating 81.11 USD. The price registered an increase of +0.97% on the session with the lowest point at 79.77 USD and the highest point at 81.65 USD. The deviation from the price is +1.68% for the low point and -0.66% for the high point.

79.77
81.65
81.11

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



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


RSI indicator: bearish divergence

Type : Bearish

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 this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



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

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes


Dark cloud cover

Type : Bearish

Timeframe : 15 minutes


Bearish engulfing lines

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 74.79 78.07 79.32 81.11 83.38 85.37 88.96
Change (%) -7.79% -3.75% -2.21% - +2.80% +5.25% +9.68%
Change -6.32 -3.04 -1.79 - +2.27 +4.26 +7.85
Level Major Major Minor - Minor Major Major



Pivot points can also be used to set your price objectives. Here is the price situation 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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 85.58
MACD (12,26,9): 0.3400
Directional Movement: 27.53
AROON (14): 71.43
DEMA (21): 81.20
Parabolic SAR (0,02-0,02-0,2): 81.05
Elder Ray (13): 0.48
Super Trend (3,10): 80.77
Zig ZAG (10): 81.38
VORTEX (21): 1.2400
Stochastique (14,3,5): 94.90
TEMA (21): 81.42
Williams %R (14): -19.31
Chande Momentum Oscillator (20): 0.97
Repulse (5,40,3): 0.0700
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 2.37
MA7: 78.96
MA20: 77.51
MA50: 79.33
MA100: 78.20
MAexp7: 81.28
MAexp20: 80.85
MAexp50: 80.49
MAexp100: 80.12
Price / MA7: +2.72%
Price / MA20: +4.64%
Price / MA50: +2.24%
Price / MA100: +3.72%
Price / MAexp7: -0.21%
Price / MAexp20: +0.32%
Price / MAexp50: +0.77%
Price / MAexp100: +1.24%

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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