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 07/22/2024 (GMT)

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  • Timeframe : 15 min.
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
6%
67%
28%
My opinion
Bearish under 79.52 USD
My targets
77.71 USD (-0.90%)
76.77 USD (-2.09%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WTI CRUDE OIL as long as the price remains well below 79.52 USD. The sellers' bearish objective is set at 77.71 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 76.77 USD. In case of crossing, the next objective would be the support located at 74.96 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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
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 euletthomas. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

WTI CRUDE OIL rating 78.41 USD. The price registered a decrease of -0.29% on the session and was traded between 78.34 USD and 79.13 USD over the period. The price is currently at +0.09% from its lowest and -0.91% from its highest.

78.34
79.13
78.41

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

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 results:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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.

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami cross

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 72.48 75.27 77.42 78.41 78.94 80.05 81.06
Change (%) -7.56% -4.00% -1.26% - +0.68% +2.09% +3.38%
Change -5.93 -3.14 -0.99 - +0.53 +1.64 +2.65
Level Intermediate Minor Intermediate - Minor Minor Minor



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
Standard74.9676.7777.7179.5280.4682.2783.21
Camarilla77.8878.1478.3978.6478.8979.1479.40
Woodie74.5276.5577.2779.3080.0282.0582.77
Fibonacci76.7777.8278.4779.5280.5781.2282.27


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard73.7476.1777.4079.8381.0683.4984.72
Camarilla77.6377.9778.3178.6478.9879.3179.65
Woodie73.1575.8776.8179.5380.4783.1984.13
Fibonacci76.1777.5778.4379.8381.2382.0983.49


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard62.0666.1273.9678.0285.8689.9297.76
Camarilla78.5479.6380.7281.8182.9083.9985.08
Woodie63.9667.0775.8678.9787.7690.8799.66
Fibonacci66.1270.6673.4778.0282.5685.3789.92

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): 33.02
MACD (12,26,9): -0.1400
Directional Movement: -22.28
AROON (14): -71.42
DEMA (21): 78.55
Parabolic SAR (0,02-0,02-0,2): 78.66
Elder Ray (13): -0.22
Super Trend (3,10): 78.88
Zig ZAG (10): 78.39
VORTEX (21): 0.7900
Stochastique (14,3,5): 17.57
TEMA (21): 78.48
Williams %R (14): -91.89
Chande Momentum Oscillator (20): -0.58
Repulse (5,40,3): -0.1700
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 1.10
MA7: 79.97
MA20: 80.50
MA50: 77.81
MA100: 77.97
MAexp7: 78.50
MAexp20: 78.73
MAexp50: 78.95
MAexp100: 79.36
Price / MA7: -1.95%
Price / MA20: -2.60%
Price / MA50: +0.77%
Price / MA100: +0.56%
Price / MAexp7: -0.11%
Price / MAexp20: -0.41%
Price / MAexp50: -0.68%
Price / MAexp100: -1.20%

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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