Home Oil Technical Analysis: Black Gold bulls looking at the 57.40 level
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Oil Technical Analysis: Black Gold bulls looking at the 57.40 level

Oil daily chart

  • Oil is trading above the 50 and 100-day simple moving averages (SMAs) suggesting a mild bullish bias.

Oil 4-hour chart

  • Oil is trading above the 100 and 200-day simple moving averages (SMAs) suggesting a bullish bias in the medium-term.
  • Bulls are testing the 50 SMA.

Oil 30-minute chart

  • Bulls are breaking above the 200 SMA suggesting bullish momentum.  
  • Resistances to the upside are at 57.40 and 57.90 level.  
  • Support is at 55.80 and 55.20 level.  

 

Additional key levels

GBP/USD

Overview:
       Today Last Price:  1.321
       Today Daily change %:  0.05%
       Today Daily Open:  1.3203
Trends:
       Daily SMA20:  1.3019
       Daily SMA50:  1.2927
       Daily SMA100:  1.2882
       Daily SMA200:  1.2991
Levels:
       Previous Daily High:  1.3287
       Previous Daily Low:  1.3171
       Previous Weekly High:  1.3351
       Previous Weekly Low:  1.3051
       Previous Monthly High:  1.3351
       Previous Monthly Low:  1.2773
       Daily Fibonacci 38.2%:  1.3215
       Daily Fibonacci 61.8%:  1.3242
       Daily Pivot Point S1:  1.3154
       Daily Pivot Point S2:  1.3105
       Daily Pivot Point S3:  1.3038
       Daily Pivot Point R1:  1.3269
       Daily Pivot Point R2:  1.3336
       Daily Pivot Point R3:  1.3385

 

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