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 06/19/2024 (GMT)

  • 117
  • 0
  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : NEUTRAL

Summary of the analysis

Trends
Short term: Bearish
Underlying: Slightly bullish
Technical indicators
44%
22%
33%
My opinion
Neutral between 80.30 USD and 80.99 USD
My targets
-
My analysis
The short-term decline on WTI CRUDE OIL remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 80.30 USD. The first resistance is located at 80.99 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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:
1H Daily Weekly

Additional analysis

Quotes

The WTI CRUDE OIL rating is 80.75 USD. On the day, this instrument gained +0.05% and was between 80.67 USD and 80.88 USD. This implies that the price is at +0.10% from its lowest and at -0.16% from its highest.

80.67
80.88
80.75

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

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of WTI CRUDE OIL in 15 min. shows an overall slightly bullish trend. 50.00% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

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 Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 77.33 79.03 79.92 80.75 80.93 82.64 84.63
Change (%) -4.24% -2.13% -1.03% - +0.22% +2.34% +4.80%
Change -3.42 -1.72 -0.83 - +0.18 +1.89 +3.88
Level Major Minor Minor - Intermediate Minor 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
Standard78.4079.0980.3080.9982.2082.8984.10
Camarilla81.0081.1781.3581.5281.6981.8782.04
Woodie78.6779.2280.5781.1282.4783.0284.37
Fibonacci79.0979.8180.2680.9981.7182.1682.89


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

Technical indicators
Moving averages

RSI (14): 42.76
MACD (12,26,9): -0.0900
Directional Movement: -6.24
AROON (14): -50.00
DEMA (21): 80.71
Parabolic SAR (0,02-0,02-0,2): 81.35
Elder Ray (13): -0.06
Super Trend (3,10): 81.02
Zig ZAG (10): 80.79
VORTEX (21): 0.9700
Stochastique (14,3,5): 38.10
TEMA (21): 80.66
Williams %R (14): -38.10
Chande Momentum Oscillator (20): 0.06
Repulse (5,40,3): 0.1200
ROCnROLL: -1
TRIX (15,9): -0.0200
Courbe Coppock: 0.10
MA7: 79.44
MA20: 77.68
MA50: 79.25
MA100: 78.27
MAexp7: 80.77
MAexp20: 80.83
MAexp50: 80.87
MAexp100: 80.63
Price / MA7: +1.65%
Price / MA20: +3.95%
Price / MA50: +1.89%
Price / MA100: +3.17%
Price / MAexp7: -0.02%
Price / MAexp20: -0.10%
Price / MAexp50: -0.15%
Price / MAexp100: +0.15%

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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