Oil Technical Analysis: WTI stays bullish near multi-month’s highs

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 bull trend remains intact above $66.00 a barrel.

Oil 30-minute chart

WTI is trading above its 200 SMA suggesting bullish momentum in the short-term.
The level to beat for bulls is the 66.60 level followed by 67.00 and 67.40.
Support is seen initially at 65.60 and then 64.10 level.

Additional key levels

WTI

Overview
Today last price	65.84
Today Daily Change	0.05
Today Daily Change %	0.08
Today daily open	65.79

Trends
Daily SMA20	63.55
Daily SMA50	59.95
Daily SMA100	55.52
Daily SMA200	60.57

Levels
Previous Daily High	66.41
Previous Daily Low	65.67
Previous Weekly High	64.72
Previous Weekly Low	63.14
Previous Monthly High	60.78
Previous Monthly Low	54.79
Daily Fibonacci 38.2%	65.95
Daily Fibonacci 61.8%	66.13
Daily Pivot Point S1	65.5
Daily Pivot Point S2	65.22
Daily Pivot Point S3	64.76
Daily Pivot Point R1	66.24
Daily Pivot Point R2	66.7
Daily Pivot Point R3	66.98

Author

Flavio Tosti

Independent Analyst

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