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 06/20/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 80.70 USD
My targets
81.56 USD (+0.43%)
81.95 USD (+0.91%)
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 80.70 USD. The next resistance located at 81.56 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 81.95 USD. After this resistance, buyers could then target 82.64 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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

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 81.21 USD. The price has increased by +0.62% since the last closing and was traded between 80.40 USD and 81.27 USD over the period. The price is currently at +1.01% from its lowest and -0.07% from its highest.

80.40
81.27
81.21

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 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 a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 15 minutes



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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 78.58 79.93 80.93 81.21 82.64 84.63 88.22
Change (%) -3.24% -1.58% -0.34% - +1.76% +4.21% +8.63%
Change -2.63 -1.28 -0.28 - +1.43 +3.42 +7.01
Level Minor Intermediate Intermediate - 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
Standard79.3779.8480.2380.7081.0981.5681.95
Camarilla80.3980.4780.5580.6380.7180.7980.87
Woodie79.3479.8280.2080.6881.0681.5481.92
Fibonacci79.8480.1780.3780.7081.0381.2381.56


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): 65.31
MACD (12,26,9): 0.0800
Directional Movement: 9.86
AROON (14): 100.00
DEMA (21): 80.86
Parabolic SAR (0,02-0,02-0,2): 80.65
Elder Ray (13): 0.17
Super Trend (3,10): 80.54
Zig ZAG (10): 81.06
VORTEX (21): 1.1300
Stochastique (14,3,5): 84.49
TEMA (21): 80.92
Williams %R (14): -4.17
Chande Momentum Oscillator (20): 0.38
Repulse (5,40,3): 0.3600
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.65
MA7: 79.37
MA20: 77.21
MA50: 78.49
MA100: 77.63
MAexp7: 80.96
MAexp20: 80.76
MAexp50: 80.67
MAexp100: 80.61
Price / MA7: +2.32%
Price / MA20: +5.18%
Price / MA50: +3.47%
Price / MA100: +4.61%
Price / MAexp7: +0.31%
Price / MAexp20: +0.56%
Price / MAexp50: +0.67%
Price / MAexp100: +0.74%

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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