WTI CRUDE OIL - 15 min. - Technical analysis published on 08/08/2024 (GMT)
- 78
- 0
- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Neutral between 74.55 USD and 76.52 USD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 76.52 USD. The first support is located at 74.55 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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This analysis was given by Barts_XV. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WTI CRUDE OIL price is 75.12 USD. The price registered a decrease of -0.15% on the session with the lowest point at 74.60 USD and the highest point at 75.70 USD. The deviation from the price is +0.70% for the low point and -0.77% for the high point.74.60
75.70
75.12
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of WTI CRUDE OIL indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 71.67 | 72.48 | 74.57 | 75.12 | 75.27 | 76.22 | 77.91 |
| Change (%) | -4.59% | -3.51% | -0.73% | - | +0.20% | +1.46% | +3.71% |
| Change | -3.45 | -2.64 | -0.55 | - | +0.15 | +1.10 | +2.79 |
| Level | Minor | Major | Major | - | Major | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 70.00 | 71.29 | 73.26 | 74.55 | 76.52 | 77.81 | 79.78 |
| Camarilla | 74.33 | 74.63 | 74.93 | 75.23 | 75.53 | 75.83 | 76.13 |
| Woodie | 70.34 | 71.46 | 73.60 | 74.72 | 76.86 | 77.98 | 80.12 |
| Fibonacci | 71.29 | 72.54 | 73.31 | 74.55 | 75.80 | 76.57 | 77.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.46 | 69.21 | 71.37 | 75.12 | 77.28 | 81.03 | 83.19 |
| Camarilla | 71.90 | 72.44 | 72.98 | 73.52 | 74.06 | 74.60 | 75.15 |
| Woodie | 64.66 | 68.81 | 70.57 | 74.72 | 76.48 | 80.63 | 82.39 |
| Fibonacci | 69.21 | 71.47 | 72.87 | 75.12 | 77.38 | 78.78 | 81.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.59 | 69.59 | 72.95 | 77.95 | 81.31 | 86.31 | 89.67 |
| Camarilla | 74.01 | 74.78 | 75.54 | 76.31 | 77.08 | 77.84 | 78.61 |
| Woodie | 63.77 | 69.18 | 72.13 | 77.54 | 80.49 | 85.90 | 88.85 |
| Fibonacci | 69.59 | 72.78 | 74.76 | 77.95 | 81.14 | 83.12 | 86.31 |
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): | 58.74 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 7.06 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 75.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 74.66 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 74.74 | |
| Zig ZAG (10): | 75.27 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 82.61 | |
| TEMA (21): | 75.18 | |
| Williams %R (14): | -23.53 | |
| Chande Momentum Oscillator (20): | 0.24 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.61 |
| MA7: | 74.91 | |
| MA20: | 77.24 | |
| MA50: | 77.71 | |
| MA100: | 78.02 | |
| MAexp7: | 75.24 | |
| MAexp20: | 75.16 | |
| MAexp50: | 75.17 | |
| MAexp100: | 74.98 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | -2.74% | |
| Price / MA50: | -3.33% | |
| Price / MA100: | -3.72% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | +0.19% |
Quotes :
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10 min delayed data
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NYMEX Futures
News
Don't forget to follow the news on WTI CRUDE OIL. At the time of publication of this analysis, the latest news was as follows:
-
WTI Crude Oil Forecast August 8, 2024
-
Technical Analysis: 04/04/2024 - WTI futures surge to a 5-month high
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Technical Analysis: 28/03/2024 - WTI oil futures in fierce battle with 50.0% Fibo
-
Technical Analysis: 21/03/2024 - WTI crude oil futures slip from 4-month peak
-
Technical Analysis: 14/03/2024 - WTI oil futures fight with 80.80 bar
This member declared not having a position on this financial instrument or a related financial instrument.
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