Home Oil Technical Analysis: WTI bulls lift the market to daily highs above $54.00 a barrel
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Oil Technical Analysis: WTI bulls lift the market to daily highs above $54.00 a barrel

Oil daily chart

  • Crude oil WTI is trading in a bear trend below its 200-day simple moving average.

Oil 4-hour chart

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

Oil 30-minute chart

  • WTI bulls regained the 54.00 figure opening the gates to test 54.60 and 55.40 to the upside in the coming days.
  • On the way down, investors can expect support at the 54.00 and 53.20 level.

Additional key levels

WTI

Overview:
       Today Last Price:  54.29
       Today Daily change:  36  points
       Today Daily change %:  0.67%
       Today Daily Open:  53.93
Trends:
       Daily SMA20:  53.21
       Daily SMA50:  50.93
       Daily SMA100:  57.53
       Daily SMA200:  63.33
Levels:
       Previous Daily High:  55.41
       Previous Daily Low:  53.71
       Previous Weekly High:  55.79
       Previous Weekly Low:  51.43
       Previous Monthly High:  55.48
       Previous Monthly Low:  44.52
       Daily Fibonacci 38.2%:  54.36
       Daily Fibonacci 61.8%:  54.76
       Daily Pivot Point S1:  53.29
       Daily Pivot Point S2:  52.65
       Daily Pivot Point S3:  51.59
       Daily Pivot Point R1:  54.99
       Daily Pivot Point R2:  56.05
       Daily Pivot Point R3:  56.69

 

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