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Oil daily chart

  • Crude oil WTI is trading in a bear trend below its 200-day simple moving average.

Oil 4-hour chart

  • Crude oil is trading between the 100 and 200 SMA suggesting a sideways market in the medium-term.  

Oil 30-minute chart

  • WTI is trading below the main SMAs suggesting bearish momentum in the short-term.
  • On the way down, bears almost reached 51.50, their next objective will be to drive the market to 51.00 the figure.
  • Resistance is seen at 52.30 and 53.00 figure.

Additional key levels


       Today Last Price:  51.93

       Today Daily change %:  -2.02%
       Today Daily Open:  53
       Daily SMA20:  53.39
       Daily SMA50:  51.04
       Daily SMA100:  56.87
       Daily SMA200:  63.15
       Previous Daily High:  53.28
       Previous Daily Low:  52.37
       Previous Weekly High:  55.93
       Previous Weekly Low:  52.05
       Previous Monthly High:  55.48
       Previous Monthly Low:  44.52
       Daily Fibonacci 38.2%:  52.93
       Daily Fibonacci 61.8%:  52.72
       Daily Pivot Point S1:  52.49
       Daily Pivot Point S2:  51.97
       Daily Pivot Point S3:  51.58
       Daily Pivot Point R1:  53.4
       Daily Pivot Point R2:  53.79
       Daily Pivot Point R3:  54.31