Oil Technical Analysis: Black Gold challenging $54.00 a barrel

Flavio Tosti Independent Analyst

Oil 4-hour chart

Crude oil WTI Bulls took the 50 and 100 SMA as they are trading at monthly and weekly highs.
Technical indicators are currently bullish suggesting further upside.
The bulls objective is to reach the 56.00 level.

Additional key levels

WTI

Overview:
    Today Last Price: 54.11
    Today Daily change: 1.4e+2 pips
    Today Daily change %: 2.56%
    Today Daily Open: 52.76
Trends:
    Previous Daily SMA20: 53.8
    Previous Daily SMA50: 61.86
    Previous Daily SMA100: 65.78
    Previous Daily SMA200: 67.38
Levels:
    Previous Daily High: 52.8
    Previous Daily Low: 52.61
    Previous Weekly High: 52.13
    Previous Weekly Low: 49.64
    Previous Monthly High: 63.92
    Previous Monthly Low: 49.64
    Previous Daily Fibonacci 38.2%: 52.73
    Previous Daily Fibonacci 61.8%: 52.68
    Previous Daily Pivot Point S1: 52.65
    Previous Daily Pivot Point S2: 52.53
    Previous Daily Pivot Point S3: 52.46
    Previous Daily Pivot Point R1: 52.84
    Previous Daily Pivot Point R2: 52.91
    Previous Daily Pivot Point R3: 53.03

Author

Flavio Tosti

Independent Analyst

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