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  • Crude oil is trading in a bear trend below the 200-period simple moving average (SMA).  
  • Crude oil is having a strong selloff this Thursday as WTI almost reached the 63.00 level.
  • The bias is 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:           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:             63.59 June 18 low
Support 2:             63.00 figure
Support 2:             61.81 April 6 low
Support 3:             59.95 March 8  

Additional key levels at a glance:

WTI

Overview:
       Last Price:  63.23
       Daily change:  -1.8e+2  pips
       Daily change:  -2.75%
       Daily Open:  65.02
Trends:
       Daily SMA20:  69.29
       Daily SMA50:  70.45
       Daily SMA100:  69.55
       Daily SMA200:  68.5
Levels:
       Daily High:  65.04
       Daily Low:  64.86
       Weekly High:  69.65
       Weekly Low:  66.08
       Monthly High:  76.25
       Monthly Low:  64.86
       Daily Fibonacci 38.2%:  64.97
       Daily Fibonacci 61.8%:  64.93
       Daily Pivot Point S1:  64.91
       Daily Pivot Point S2:  64.79
       Daily Pivot Point S3:  64.73
       Daily Pivot Point R1:  65.09
       Daily Pivot Point R2:  65.15
       Daily Pivot Point R3:  65.27