Home Oil Technical Analysis: Black Gold surges above $53.40 a barrel  – up almost 1.70 % on Tuesday
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Oil Technical Analysis: Black Gold surges above $53.40 a barrel  – up almost 1.70 % on Tuesday

Oil daily chart

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

Oil 4-hour chart

  • WTI is currently trading above the 53.00 figure and the 50 SMA.

Oil 30-minute chart

  • As bulls broke above the 53.40 resistance and the main SMAs, the next target to the upside become the 54.00 figure.
  • 53.00 and 52.60 are seen as potential support on the way down.

Additional key levels

WTI

Overview:
       Today Last Price:  53.07
       Today Daily change:  87  points
       Today Daily change %:  1.67%
       Today Daily Open:  52.2
Trends:
       Daily SMA20:  51.56
       Daily SMA50:  50.58
       Daily SMA100:  58.65
       Daily SMA200:  63.67
Levels:
       Previous Daily High:  53.73
       Previous Daily Low:  51.43
       Previous Weekly High:  54.51
       Previous Weekly Low:  51.91
       Previous Monthly High:  54.68
       Previous Monthly Low:  42.45
       Daily Fibonacci 38.2%:  52.31
       Daily Fibonacci 61.8%:  52.85
       Daily Pivot Point S1:  51.18
       Daily Pivot Point S2:  50.15
       Daily Pivot Point S3:  48.88
       Daily Pivot Point R1:  53.48
       Daily Pivot Point R2:  54.75
       Daily Pivot Point R3:  55.78

 

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