Home Oil Technical Analysis: WTI bears challenging the daily low near $51.50 a barrel
FXStreet News

Oil Technical Analysis: WTI bears challenging the daily low near $51.50 a barrel

Oil daily chart

  • Crude oil WTI is trading in a bear trend below the 50, 100 and 200-day simple moving averages (SMAs).

Oil 4-hour chart

  • WTI is testing the 50 SMA as bears are driving the price below $52.00 a barrel.

Oil 30-minute chart

  • Bears are breaking below 51.55 support as the market is trading below its mains SMAs.
  • A sustained move beyond that level would open the doors to 50.60 level  and 50.00 the figure.

Additional key levels

EUR/USD

Overview:
       Today Last Price:  1.1399
       Today Daily change:  5  pips
       Today Daily change %:  0.0527%
       Today Daily Open:  1.1393
Trends:
       Daily SMA20:  1.1433
       Daily SMA50:  1.1384
       Daily SMA100:  1.1468
       Daily SMA200:  1.1614
Levels:
       Previous Daily High:  1.1425
       Previous Daily Low:  1.1378
       Previous Weekly High:  1.1571
       Previous Weekly Low:  1.1396
       Previous Monthly High:  1.1486
       Previous Monthly Low:  1.1269
       Daily Fibonacci 38.2%:  1.1396
       Daily Fibonacci 61.8%:  1.1407
       Daily Pivot Point S1:  1.1372
       Daily Pivot Point S2:  1.1351
       Daily Pivot Point S3:  1.1324
       Daily Pivot Point R1:  1.1419
       Daily Pivot Point R2:  1.1446
       Daily Pivot Point R3:  1.1467

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.