Crude oil is trading in a bear trend below the 200-period simple moving average on the 4-hour chart as the market is reaching levels not seen since mid-August. Crude oil broke down from the bull flag and is continuing its downtrend, landing on the 65.00 level. The RSI, MACD and Stochastic indicators are all negative suggesting continued bearish pressure ahead. Targets to the downside can be located near 64.40 (August low) and 64.00 figure. Crude oil WTI 4-hour chart Main Trend: Bearish Resistance 1: 65.69 August 13 low Resistance 2: 66.84 September low Resistance 3: 67.92 September 14 low Resistance 4: 69.00 figure Resistance 4: 70.00 figure Resistance 5: 70.53 May 24 low Resistance 6: 71.45 September 26 low Support 1: 65.00 figure Support 2: 64.40 August low Support 3: 64.00 figure Additional key levels at a glance: WTI Overview: Last Price: 65.03 Daily change: -1.4e+2 pips Daily change: -2.15% Daily Open: 66.46 Trends: Daily SMA20: 69.75 Daily SMA50: 70.55 Daily SMA100: 69.64 Daily SMA200: 68.48 Levels: Daily High: 66.52 Daily Low: 66.25 Weekly High: 69.65 Weekly Low: 66.08 Monthly High: 73.7 Monthly Low: 66.84 Daily Fibonacci 38.2%: 66.42 Daily Fibonacci 61.8%: 66.35 Daily Pivot Point S1: 66.3 Daily Pivot Point S2: 66.14 Daily Pivot Point S3: 66.03 Daily Pivot Point R1: 66.57 Daily Pivot Point R2: 66.68 Daily Pivot Point R3: 66.84 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/MXN jumps to 20.40, up 5% in 3 days FX Street 4 years Crude oil is trading in a bear trend below the 200-period simple moving average on the 4-hour chart as the market is reaching levels not seen since mid-August. Crude oil broke down from the bull flag and is continuing its downtrend, landing on the 65.00 level. The RSI, MACD and Stochastic indicators are all negative suggesting continued bearish pressure ahead. Targets to the downside can be located near 64.40 (August low) and 64.00 figure. Crude oil WTI 4-hour chart Main Trend: Bearish Resistance 1: 65.69 August 13 low Resistance… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
