Oil Technical Analysis: WTI starts the week with a slump towards $63.00 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 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

Author

Flavio Tosti

Independent Analyst

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