Home Oil Technical Analysis: Black Gold regaining some poise after drop as WTI trades above $54.00 a barrel
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Oil Technical Analysis: Black Gold regaining some poise after drop as WTI trades above $54.00 a barrel

Oil daily chart

  • Crude oil WTI is trading in a bear trend below its 200-day simple moving average.
  • WTI dropped about $1.60 in  the New York session.

Oil 4-hour chart

  • WTI is trading above its main SMAs suggesting bullish momentum in the medium-term.  

Oil 30-minute chart

  • Oil is trading above its 200 SMA suggesting a bullish bias.  
  • In the short-term bulls can expect a bounce to the 54.40 level.  

Additional key levels

WTI

Overview:
       Today Last Price:  54.13

       Today Daily change %:  -0.35%
       Today Daily Open:  54.32
Trends:
       Daily SMA20:  52.27
       Daily SMA50:  50.65
       Daily SMA100:  58.29
       Daily SMA200:  63.54
Levels:
       Previous Daily High:  55.03
       Previous Daily Low:  53.23
       Previous Weekly High:  54.51
       Previous Weekly Low:  51.91
       Previous Monthly High:  54.68
       Previous Monthly Low:  42.45
       Daily Fibonacci 38.2%:  54.34
       Daily Fibonacci 61.8%:  53.92
       Daily Pivot Point S1:  53.36
       Daily Pivot Point S2:  52.39
       Daily Pivot Point S3:  51.56
       Daily Pivot Point R1:  55.16
       Daily Pivot Point R2:  55.99
       Daily Pivot Point R3:  56.96

 

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