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

WTI

Overview
Today last price 63.21
Today Daily Change -0.73
Today Daily Change % -1.14
Today daily open 63.94
 
Trends
Daily SMA20 61.46
Daily SMA50 58.19
Daily SMA100 54.5
Daily SMA200 60.71
Levels
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

 

 

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