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)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 80.26 USD
My targets
81.50 USD (+0.90%)
82.16 USD (+1.72%)
My analysis
The basic bullish trend is very strong on WTI CRUDE OIL but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 80.26 USD. Crossing the first resistance at 81.50 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 82.16 USD as an objective. Crossing it would then enable buyers to target 83.40 USD. Caution, a return to below 80.26 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.9

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

WTI CRUDE OIL rating 80.77 USD. The price is lower by -0.06% since the last closing and was between 80.67 USD and 80.88 USD. This implies that the price is at +0.12% from its lowest and at -0.14% from its highest.

80.67
80.88
80.77

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by WTI CRUDE OIL:
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 strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes



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

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 77.33 79.03 79.92 80.77 80.93 82.64 84.63
Change (%) -4.26% -2.15% -1.05% - +0.20% +2.32% +4.78%
Change -3.44 -1.74 -0.85 - +0.16 +1.87 +3.86
Level Major Minor Minor - Intermediate Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard77.7078.3679.6080.2681.5082.1683.40
Camarilla80.3180.4880.6680.8381.0081.1881.35
Woodie77.9878.5179.8880.4181.7882.3183.68
Fibonacci78.3679.0979.5480.2680.9981.4482.16


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard71.1872.8475.2776.9379.3681.0283.45
Camarilla76.5976.9677.3477.7178.0978.4678.84
Woodie71.5873.0375.6777.1279.7681.2183.85
Fibonacci72.8474.4075.3676.9378.4979.4581.02


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard70.0172.7174.4877.1878.9581.6583.42
Camarilla75.0275.4375.8476.2576.6677.0777.48
Woodie69.5572.4874.0276.9578.4981.4282.96
Fibonacci72.7174.4275.4777.1878.8979.9481.65

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): 52.13
MACD (12,26,9): 0.0200
Directional Movement: 8.67
AROON (14): 21.42
DEMA (21): 80.77
Parabolic SAR (0,02-0,02-0,2): 80.87
Elder Ray (13): 0.01
Super Trend (3,10): 80.57
Zig ZAG (10): 80.75
VORTEX (21): 0.9800
Stochastique (14,3,5): 43.75
TEMA (21): 80.71
Williams %R (14): -62.50
Chande Momentum Oscillator (20): 0.02
Repulse (5,40,3): 0.0000
ROCnROLL: -1
TRIX (15,9): 0.0000
Courbe Coppock: 0.04
MA7: 78.81
MA20: 76.98
MA50: 78.53
MA100: 77.54
MAexp7: 80.74
MAexp20: 80.74
MAexp50: 80.60
MAexp100: 80.24
Price / MA7: +2.49%
Price / MA20: +4.92%
Price / MA50: +2.85%
Price / MA100: +4.17%
Price / MAexp7: +0.04%
Price / MAexp20: +0.04%
Price / MAexp50: +0.21%
Price / MAexp100: +0.66%

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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