Crude oil is trading in a strong bear trend below the 50, 100 and 200-period simple moving average on the 4-hour chart. Bears extended the bear trend almost reaching the 61.00 figure. The bear momentum remains intact although some consolidation towards 62.00 and 63.00 could be on the cards in the near-term. The RSI, MACD and Stochastic indicators remain negative. Targets to the downside are seen near 59.95 (March 8 low) and 58.07 (February 9 low).   Crude oil WTI 4-hour chart Main Trend:        Bearish Resistance 1:      61.81 April 6 low Resistance 2:      63.00 figure Resistance 3:      63.59 June 18 low Resistance 4:      64.00 figure Support 1:       59.95 March 8 low Support 2:       58.07 February 9 low Support 3:       55.82 December 7, 2017 Additional key levels at a glance: WTI Overview:     Last Price:  61.64     Daily change:  -1.2e+2  pips     Daily change:  -1.91%     Daily Open:  62.84 Trends:     Daily SMA20:  67.41     Daily SMA50:  70.02     Daily SMA100:  69.14     Daily SMA200:  68.54 Levels:     Daily High:  62.9     Daily Low:  62.71     Weekly High:  67.73     Weekly Low:  62.61     Monthly High:  76.25     Monthly Low:  64.86     Daily Fibonacci 38.2%:  62.83     Daily Fibonacci 61.8%:  62.78     Daily Pivot Point S1:  62.73     Daily Pivot Point S2:  62.63     Daily Pivot Point S3:  62.54     Daily Pivot Point R1:  62.92     Daily Pivot Point R2:  63.01     Daily Pivot Point R3:  63.11  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/CAD breaks 1.3130 and extends gains FX Street 3 years Crude oil is trading in a strong bear trend below the 50, 100 and 200-period simple moving average on the 4-hour chart. Bears extended the bear trend almost reaching the 61.00 figure. The bear momentum remains intact although some consolidation towards 62.00 and 63.00 could be on the cards in the near-term. The RSI, MACD and Stochastic indicators remain negative. Targets to the downside are seen near 59.95 (March 8 low) and 58.07 (February 9 low).   Crude oil WTI 4-hour chart Main Trend:        Bearish Resistance 1:      61.81… Top 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.
