Home Oil Technical Analysis: Black Gold near daily lows as bears challenge $52.00 a barrel
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Oil Technical Analysis: Black Gold near daily lows as bears challenge $52.00 a barrel

Oil daily chart  

  • Crude oil WTI is in a bear trend below the 100 and 200-day simple moving averages (SMAs).

Oil 4-hour chart

  • The market is testing the 52.00 figure along with the 50 SMA.  

Oil 30-minute chart

  • Bulls will try to recapture the 53.00 figure as they are finding support at the 52.00 level.  
  • Support to the downside is seen at the 51.50 level.

Additional key levels

WTI

Overview:
       Today Last Price:  52.32
       Today Daily change:  71  pips
       Today Daily change %:  -1.34%
       Today Daily Open:  53.03
Trends:
       Daily SMA20:  50.16
       Daily SMA50:  50.8
       Daily SMA100:  59.38
       Daily SMA200:  63.96
Levels:
       Previous Daily High:  54.35
       Previous Daily Low:  52.09
       Previous Weekly High:  54.17
       Previous Weekly Low:  50.65
       Previous Monthly High:  54.68
       Previous Monthly Low:  42.45
       Daily Fibonacci 38.2%:  52.95
       Daily Fibonacci 61.8%:  53.49
       Daily Pivot Point S1:  51.96
       Daily Pivot Point S2:  50.9
       Daily Pivot Point S3:  49.7
       Daily Pivot Point R1:  54.22
       Daily Pivot Point R2:  55.42
       Daily Pivot Point R3:  56.48

 

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