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

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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