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Oil Technical Analysis: WTI bulls keep the market upbeat above $66.00 a barrel

Oil daily chart

  • WTI is trading in a bull trend above its main simple moving averages (SMAs).


Oil 4-hour chart

  • Crude oil WTI bulls keep the buying pressure above $66.00 a barrel.  


Oil 30-minute chart

  • WTI is trading above its main SMAs suggesting bullish momentum in the short-term.
  • The level to beat for bulls is seen at 66.60 followed by 67.00 figure. 
  • A correction towards 65.60 or 64.20 cannot be ruled out.

Additional key levels

WTI

Overview
Today last price 66.17
Today Daily Change 0.50
Today Daily Change % 0.76
Today daily open 65.67
 
Trends
Daily SMA20 62.93
Daily SMA50 59.48
Daily SMA100 55.25
Daily SMA200 60.58
Levels
Previous Daily High 65.99
Previous Daily Low 64.09
Previous Weekly High 64.72
Previous Weekly Low 63.14
Previous Monthly High 60.78
Previous Monthly Low 54.79
Daily Fibonacci 38.2% 65.26
Daily Fibonacci 61.8% 64.82
Daily Pivot Point S1 64.51
Daily Pivot Point S2 63.35
Daily Pivot Point S3 62.61
Daily Pivot Point R1 66.41
Daily Pivot Point R2 67.15
Daily Pivot Point R3 68.31

 

 

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