Home Oil Technical Analysis: WTI jumps above $57.00 a barrel
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Oil Technical Analysis: WTI jumps above $57.00 a barrel

Oil daily chart

  • Crude oil WTI is breaking above the 100 SMA suggesting that bulls are getting stronger.

Oil 4-hour chart

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

Oil 30-minute chart

  • WTI is trading above its main SMAs suggesting bullish momentum in the short-term.  
  • The next bullish target is at 57.70 and $58.00 a barrel.
  • Support is seen at 56.80 and 55.80 level.  

 

Additional key levels

WTI

Overview:
       Today Last Price:  57.3
       Today Daily change:  83 ticks
       Today Daily change %:  1.47%
       Today Daily Open:  56.47
Trends:
       Daily SMA20:  54.13
       Daily SMA50:  51.42
       Daily SMA100:  55.59
       Daily SMA200:  62.77
Levels:
       Previous Daily High:  56.67
       Previous Daily Low:  55.72
       Previous Weekly High:  56.22
       Previous Weekly Low:  51.56
       Previous Monthly High:  55.48
       Previous Monthly Low:  44.52
       Daily Fibonacci 38.2%:  56.08
       Daily Fibonacci 61.8%:  56.31
       Daily Pivot Point S1:  55.9
       Daily Pivot Point S2:  55.34
       Daily Pivot Point S3:  54.95
       Daily Pivot Point R1:  56.85
       Daily Pivot Point R2:  57.24
       Daily Pivot Point R3:  57.8

 

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