Crude Oil WTI Technical Analysis: Black Gold bears hit $63.00 a barrel

• Crude oil is in a bear trend below the 200-period simple moving average (SMA).  
• Crude oil kept the bearish tone this Friday as WTI dipped below 63.00 a barrel. Technical indicators remain firmly negative suggesting further losses ahead.
• The bias remains bearish and targets to the downside can be seen near 63.00 figure and 61.81 April 6 low.  

 Crude oil WTI 4-hour chart

Main Trend:              Bearish

Resistance 1:           63.59 June 18 low
Resistance 1:           64.00 figure
Resistance 2:           64.40 August low
Resistance 3:           65.00 figure
Resistance 4:           65.69 August 13 low
Resistance 5:           66.84 September low

Support 1:             63.00 figure
Support 2:             61.81 April 6 low
Support 3:             59.95 March 8  

Additional key levels at a glance: