Home WTI Technical Analysis: Bids firming up from $53.00, but near-term resistance remains
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WTI Technical Analysis: Bids firming up from $53.00, but near-term resistance remains

  • WTI crude barrels are heading into the rest of the week with an unclosed gap from Monday, but action remains capped off by intraday highs at the 53.70 barrier.

WTI/USD, 5-Minute

  • Despite intraday resistance, WTI remains on the upswing in the near-term, bolstered off of a support zone near the 50.00 major handle with higher lows and a rising outside trendline helping to send prices over previous swing lows.

WTI/USD, 30-Minute

  • Looking to  4-Hour candles, US oil barrels are making their  highest break of a medium-term descending trendline in over two months, though WTI remains steeply bearish, with the 38.2% Fibo retracement level far above, knocking into the 200-period moving average near the 60.00 major handle.

WTI/USD, 4-Hour

WTI

Overview:
       Today Last Price:  53.41
       Today Daily change:  19  pips
       Today Daily change %:  0.357%
       Today Daily Open:  53.22
Trends:
       Previous Daily SMA20:  54.2
       Previous Daily SMA50:  62.28
       Previous Daily SMA100:  65.92
       Previous Daily SMA200:  67.45
Levels:
       Previous Daily High:  53.37
       Previous Daily Low:  53.03
       Previous Weekly High:  52.13
       Previous Weekly Low:  49.64
       Previous Monthly High:  63.92
       Previous Monthly Low:  49.64
       Previous Daily Fibonacci 38.2%:  53.24
       Previous Daily Fibonacci 61.8%:  53.16
       Previous Daily Pivot Point S1:  53.04
       Previous Daily Pivot Point S2:  52.87
       Previous Daily Pivot Point S3:  52.7
       Previous Daily Pivot Point R1:  53.38
       Previous Daily Pivot Point R2:  53.55
       Previous Daily Pivot Point R3:  53.72

 

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