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WTI

USOIL
View Detailed Chart

59.321USD

+0.056+0.09%
Time
1m
15m
30m
1h
4h
D
W
Please select

Today

+0.09%

5 Days

+1.38%

1 Month

+6.38%

6 Months

-9.95%

Year to Date

+3.75%

1 Year

-23.11%

View Detailed Chart

Key Data Points

Opening Price

58.734

Previous Closing Price

59.265
Price Range of the Day
58.52459.507
52-Week Price Range
54.75377.708

Indicators

The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

1m
5m
15m
30m
1h
2h
4h
D
W
M
1m
5m
15m
D
Neutral
Sell(4)
Neutral(3)
Buy(5)
Indicators
Sell(1)
Neutral(3)
Buy(2)
Indicators
Value
Direction
MACD(12,26,9)
0.498
Buy
RSI(14)
54.224
Neutral
STOCH(KDJ)(9,3,3)
57.616
Neutral
ATR(14)
1.757
High Vlolatility
CCI(14)
40.556
Neutral
Williams %R
44.600
Buy
TRIX(12,20)
0.113
Sell
StochRSI(14)
11.376
Oversold
Moving Average
Sell(3)
Neutral(0)
Buy(3)
Indicators
Value
Direction
MA5
59.786
Sell
MA10
58.803
Buy
MA20
58.157
Buy
MA50
58.344
Buy
MA100
59.842
Sell
MA200
61.862
Sell

WTI Trading Strategy

Intraday
Medium Term
Short Term
Short positions below 59.50 with targets at 58.30 & 58.00 in extension.

Trading Strategy

Short positions below 59.50 with targets at 58.30 & 58.00 in extension.

Alternative scenario

above 59.50 look for further upside with 60.00 & 60.50 as targets.

Comment

short positions below 59.50 with targets at 58.30 & 58.00 in extension.

9 minutes ago
Source: Trading Central(Reference Only)

WTI News

WTI holds steady above $59.00 as markets digest Iran tensions, Trump's tariff threats

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.30 during the early European trading hours on Monday. The WTI price holds steady amid easing tensions in Iran and wider risk-off sentiment.

Fxstreet10 hours ago
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.30 during the early European trading hours on Monday. The WTI price holds steady amid easing tensions in Iran and wider risk-off sentiment.

WTI bounces off one-week low and retakes $58.00 mark; lacks bullish conviction

West Texas Intermediate (WTI) US Crude Oil prices rebound from the $58.70 area, or a one-week low touched during the Asian session, and fill a major part of the bearish gap opening on Monday. The commodity currently trades around the $59.20 region, down only 0.15% for the day, amid mixed cues.

Fxstreet15 hours ago
West Texas Intermediate (WTI) US Crude Oil prices rebound from the $58.70 area, or a one-week low touched during the Asian session, and fill a major part of the bearish gap opening on Monday. The commodity currently trades around the $59.20 region, down only 0.15% for the day, amid mixed cues.

WTI Oil recovers as Iran tensions ease, supply glut limits upside

West Texas Intermediate (WTI) US Oil trades around $59.80 per barrel on Friday at the time of writing, up 1.60% on the day.

FxstreetFri, Jan 16
West Texas Intermediate (WTI) US Oil trades around $59.80 per barrel on Friday at the time of writing, up 1.60% on the day.

WTI hovers below $59.00 as US-Iran tensions ease, weekly loss looms

West Texas Intermediate (WTI) Oil price moves little after two days of more than 3% losses, trading around $58.80 during the Asian hours on Friday. WTI price faces challenges as geopolitical risk premiums faded following easing fears of a possible US military strike on Iran.

FxstreetFri, Jan 16
West Texas Intermediate (WTI) Oil price moves little after two days of more than 3% losses, trading around $58.80 during the Asian hours on Friday. WTI price faces challenges as geopolitical risk premiums faded following easing fears of a possible US military strike on Iran.

WTI rebounds above $59.00 as traders assess situation in Iran

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.10 during the Asian trading hours on Friday. The WTI price recovers some lost ground, snapping the two-day losing streak, as traders assess the geopolitical situation in the Middle East.

FxstreetFri, Jan 16
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.10 during the Asian trading hours on Friday. The WTI price recovers some lost ground, snapping the two-day losing streak, as traders assess the geopolitical situation in the Middle East.

WTI Price Forecast: Oil struggles below $60 as bullish momentum fades

West Texas Intermediate (WTI) edges lower on Thursday, giving back this week’s gains as geopolitical risk premiums fade after US President Donald Trump softened his rhetoric on Iran, easing fears of imminent military action.

FxstreetThu, Jan 15
West Texas Intermediate (WTI) edges lower on Thursday, giving back this week’s gains as geopolitical risk premiums fade after US President Donald Trump softened his rhetoric on Iran, easing fears of imminent military action.

More Details of WTI

USOIL, commonly referred to as West Texas Intermediate (WTI) crude oil, is a light, sweet crude oil that serves as one of the primary benchmarks for oil pricing in the global market. Sourced primarily from oil fields in the United States, particularly in Texas and Oklahoma, WTI crude oil is known for its API gravity of around 39.6 degrees, which classifies it as ‘light,’ and its low sulfur content, which makes it ‘sweet.’ These characteristics make WTI crude highly desirable for refining into gasoline, diesel, and other high-value petroleum products. The price of USOIL is set on the New York Mercantile Exchange (NYMEX) and is traded in the form of futures contracts, which allow market participants to buy and sell the commodity for delivery at a future date. These contracts are standardized, with each representing 1,000 barrels of crude oil. The USOIL futures market is one of the most liquid in the world, attracting a diverse range of traders, including producers, refiners, hedge funds, and individual investors. The price of USOIL is influenced by a complex interplay of factors, including: Global supply and demand dynamics: Fluctuations in oil production, particularly from major producers like the United States, Russia, and Saudi Arabia, as well as changes in global consumption patterns, can significantly impact prices. OPEC and non-OPEC production quotas: Decisions by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to increase or decrease oil production can cause substantial price movements. Geopolitical events: Conflicts, sanctions, and political instability in oil-producing regions can lead to supply disruptions and volatility in oil prices. Economic indicators: The health of the global economy, as indicated by GDP growth rates, industrial production, and other economic data, affects the demand for oil and, consequently, its price. Inventory levels: Reports on oil stockpiles, particularly those published by the American Petroleum Institute (API) and the Energy Information Administration (EIA), can influence prices based on whether they show a surplus or a deficit in supply. Currency fluctuations: Since oil is traded in U.S. dollars, movements in the value of the dollar can affect the price of oil in other currencies, influencing international demand. Given its importance in the global energy market, USOIL is a key commodity for traders looking to speculate on price movements or hedge against oil price volatility. However, trading USOIL can be risky and requires a solid understanding of the market forces at play, as well as careful risk management.

How does the price of USOIL fluctuate?

The price of USOIL can fluctuate due to several factors, including global supply and demand, OPEC production levels, geopolitical tensions, economic growth, currency fluctuations, and changes in inventory levels.

Can individual investors trade USOIL?

Yes, individual investors can trade USOIL through futures contracts, options, exchange-traded funds (ETFs), and other derivative instruments. However, trading commodities can be risky and is best suited for experienced investors.

What is the main difference between USOIL (WTI) and UKOIL(Brent crude oil)?

USOIL (WTI) and Brent crude are the two major global oil benchmarks. The primary difference is their location and quality. WTI is produced in the United States and is lighter and sweeter (less sulfur) than Brent, which is produced in the North Sea and has a slightly higher sulfur content.

WTI

59.321
+0.056+0.09%
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