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Crude oil weekly chart  

  • Crude oil has erased the yearly gains.  

Crude oil 4-hour chart

  • Oil is trading in a strong bear trend below its main simple moving averages (SMAs).
  • Bulls next objective is to reach 57.74 resistance.

Crude oil 30-minute chart

 

  • Oil is starting the week on a strong note after seeing relentless selling pressure last week.  
  • Oil is trading back above its 50 SMA while technical indicators are in positive territories.

Additional key levels

WTI

Overview:
       Today Last Price:  52.17
       Today Daily change:  1.6e+2  pips
       Today Daily change %:  3.20%
       Today Daily Open:  50.55
Trends:
       Previous Daily SMA20:  57.74
       Previous Daily SMA50:  65.5
       Previous Daily SMA100:  67.09
       Previous Daily SMA200:  67.92
Levels:
       Previous Daily High:  51.04
       Previous Daily Low:  50.08
       Previous Weekly High:  57.42
       Previous Weekly Low:  50.13
       Previous Monthly High:  76.25
       Previous Monthly Low:  64.86
       Previous Daily Fibonacci 38.2%:  50.45
       Previous Daily Fibonacci 61.8%:  50.67
       Previous Daily Pivot Point S1:  50.07
       Previous Daily Pivot Point S2:  49.6
       Previous Daily Pivot Point S3:  49.11
       Previous Daily Pivot Point R1:  51.03
       Previous Daily Pivot Point R2:  51.52
       Previous Daily Pivot Point R3:  51.99