Crude Oil WTI Technical Analysis: Black Gold under pressure just below $69.00 a barrel
|- Crude oil momentum is currently bearish as it is trading below its 200-period simple moving average.
- Bears are trying to close the day below $69.00 a barrel. The 50-period simple moving average crossed below the 100 SMA confirming the bearish bias. The RSI, MACD and Stochastic indicators are in bearish territories.
- Targets to the downside can be located near 67.92 September 14 low and 66.84 September low.
Crude oil WTI 4-hour chart
Rate: 68.80
Relative change: -1.56%
High: 69.98
Low: 68.45
Main Trend: Bearish
Resistance 1: 70.00 figure
Resistance 2: 70.53 May 24 low
Resistance 3: 71.45 September 26 low
Resistance 4: 72.00 figure
Support 1: 69.00 figure
Support 2: 67.92 September 14 low
Support 3: 66.84 September low
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