Oil Technical Analysis: WTI dipping below 52.00 a barrel

Flavio Tosti Independent Analyst

Oil daily chart

Crude oil WTI is trading in a bear trend below the 50, 100 and 200-day simple moving average.

Oil 4-hour chart

Oil is in consolidation mode near the 50 and 100 SMA.

Oil 30-minute chart

In the short-term, oil is finding support near the 52.00 figure and the 200 SMA suggesting that bulls might come back for a retest of the 52.75 resistance to the upside.

Additional key levels

WTI

Overview:
    Today Last Price: 51.99
    Today Daily change: -1.1e+2 pips
    Today Daily change %: -2.04%
    Today Daily Open: 53.07
Trends:
    Previous Daily SMA20: 52
    Previous Daily SMA50: 58.57
    Previous Daily SMA100: 64.62
    Previous Daily SMA200: 66.75
Levels:
    Previous Daily High: 53.48
    Previous Daily Low: 50.57
    Previous Weekly High: 54.2
    Previous Weekly Low: 50.57
    Previous Monthly High: 63.92
    Previous Monthly Low: 49.64
    Previous Daily Fibonacci 38.2%: 52.37
    Previous Daily Fibonacci 61.8%: 51.68
    Previous Daily Pivot Point S1: 51.27
    Previous Daily Pivot Point S2: 49.46
    Previous Daily Pivot Point S3: 48.36
    Previous Daily Pivot Point R1: 54.18
    Previous Daily Pivot Point R2: 55.28
    Previous Daily Pivot Point R3: 57.09

Author

Flavio Tosti

Independent Analyst

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