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 - Daily - Technical analysis published on 09/18/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 57.86 USD

My targets

60.43 USD (+1.84%)

63.26 USD (+6.61%)

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 57.86 USD. The next resistance located at 60.43 USD is the next bullish target 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 63.26 USD. After this resistance, buyers could then target 66.22 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

FORCE

5.4

Comment on the 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 hsokkar. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The WTI CRUDE OIL rating is 59.34 USD. On the day, this instrument lost -5.66% and was traded between 58.46 USD and 62.59 USD over the period. The price is currently at +1.51% from its lowest and -5.19% from its highest.

58.46

62.59

59.34

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by WTI CRUDE OIL:

Technical

A technical analysis in Daily of this WTI CRUDE OIL chart shows a bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	51.18	53.73	57.86	59.34	60.43	63.26	66.22
Change (%)	-13.75%	-9.45%	-2.49%	-	+1.84%	+6.61%	+11.59%
Change	-8.16	-5.61	-1.48	-	+1.09	+3.92	+6.88
Level	Major	Major	Intermediate	-	Major	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.06	53.75	54.30	54.99	55.54	56.23	56.78
Camarilla	54.51	54.62	54.74	54.85	54.96	55.08	55.19
Woodie	52.99	53.72	54.23	54.96	55.47	56.20	56.71
Fibonacci	53.75	54.22	54.52	54.99	55.46	55.76	56.23

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	48.87	50.86	53.79	55.78	58.71	60.70	63.63
Camarilla	55.38	55.83	56.28	56.73	57.18	57.63	58.08
Woodie	49.35	51.10	54.27	56.02	59.19	60.94	64.11
Fibonacci	50.86	52.74	53.90	55.78	57.66	58.82	60.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	44.31	47.41	51.26	54.36	58.21	61.31	65.16
Camarilla	53.19	53.83	54.46	55.10	55.74	56.37	57.01
Woodie	44.68	47.60	51.63	54.55	58.58	61.50	65.53
Fibonacci	47.41	50.07	51.71	54.36	57.02	58.66	61.31

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):	68.05
MACD (12,26,9):	0.6300
Directional Movement:	18.05
AROON (14):	64.29
DEMA (21):	57.00
Parabolic SAR (0,02-0,02-0,2):	54.00
Elder Ray (13):	4.30
Super Trend (3,10):	53.26
Zig ZAG (10):	62.90
VORTEX (21):	1.0000
Stochastique (14,3,5):	55.80
TEMA (21):	57.78
Williams %R (14):	-4.55
Chande Momentum Oscillator (20):	6.19
Repulse (5,40,3):	2.8800
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	7.87

MA7:	57.22
MA20:	55.97
MA50:	56.13
MA100:	57.08
MAexp7:	57.54
MAexp20:	56.39
MAexp50:	56.25
MAexp100:	56.82
Price / MA7:	+3.70%
Price / MA20:	+6.02%
Price / MA50:	+5.72%
Price / MA100:	+3.96%
Price / MAexp7:	+3.13%
Price / MAexp20:	+5.23%
Price / MAexp50:	+5.49%
Price / MAexp100:	+4.44%

News

The last news published on WTI CRUDE OIL at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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