Oil Technical Analysis: WTI starts the week with a slump towards $63.00 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 is trading below its main 50 SMA suggesting a correction in the medium-term.

Oil 30-minute chart

  • WTI is trading below its main SMAs suggesting a bearish bias in the short-term.
  • The market can decline towards 63.00 and 62.60 level. 
  • Resistance is seen at 63.50 and 64.00 figure. 

Additional key levels


Today last price 63.21
Today Daily Change -0.73
Today Daily Change % -1.14
Today daily open 63.94
Daily SMA20 61.46
Daily SMA50 58.19
Daily SMA100 54.5
Daily SMA200 60.71
Previous Daily High 64.7
Previous Daily Low 63.73
Previous Weekly High 64.71
Previous Weekly Low 63.17
Previous Monthly High 60.78
Previous Monthly Low 54.79
Daily Fibonacci 38.2% 64.33
Daily Fibonacci 61.8% 64.1
Daily Pivot Point S1 63.55
Daily Pivot Point S2 63.15
Daily Pivot Point S3 62.58
Daily Pivot Point R1 64.52
Daily Pivot Point R2 65.09
Daily Pivot Point R3 65.49



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD extends falls after US retail sales beat expectations

EUR/USD extends its falls after US retail sales beat expectations with 1.6% and despite downward revisions. It trades in the low 1.1200s. Earlier, Germany's Manufacturing PMI dropped sent it lower.


GBP/USD struggles around 1.3000 after US retail sales

GBP/USD trades around 1.3000 after US retail sales beat expectations with significant rises. It dipped below the line earlier. UK retail sales also exceeded early projections, but the damp market mood kept it pressured. 


USD/JPY keeps the red below 112.00 mark, despite goodish USD uptick/stable equities

The USD/JPY pair trimmed a part of its early slide and recovered around 20-pips from weekly lows, albeit struggled to make its way back above the 112.00 round figure mark.


XRP make a move and puts the market in take-off mode

The market is a few cents away from going into full bullish mode. The bullish process follows the expected pattern, first XRP, then ETH. BTC must accept the team player role and back up the market.

Read more

Gold: Bounce from YTD lows/50% Fibo. support might turn out to be short-lived

The precious metal stalled its recent decline and managed to stage a modest recovery from support marked by 50% Fibo. level of the $1196.40-$1346.85 strong up-move.

Gold News