Crude Oil WTI Technical Analysis: Black Gold en route to yearly lows below $60.00 a barrel

• Crude oil is trading in a strong bear trend below the 50, 100 and 200-period simple moving average on the 4-hour chart.
• Crude oil bear trend remains intact as WTI remains pressured below $60.00 a barrel. Technical indicators stay in negative territories.  
• Targets to the downside can be seen near 59.00, 58.07 (February 9 low) and 57.00 figure.  

Crude oil WTI 4-hour chart

Main Trend:              Bearish

Resistance 1:           61.00 figure  
Resistance 2:           61.81 April 6 low
Resistance 3:           63.00 figure
Resistance 4:           63.59 June 18 low
Resistance 5:           64.00 figure

Support 1:             59.00 figure
Support 2:             58.07 February 9 low
Support 3:             57.00 figure
Support 4:             55.82 December 7, 2017

Additional key levels at a glance: