Oil Technical Analysis: WTI declinining to $52.00 a barrel on Monday

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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

WTI

Overview:
    Today Last Price: 51.93

    Today Daily change %: -2.02%
    Today Daily Open: 53
Trends:
    Daily SMA20: 53.39
    Daily SMA50: 51.04
    Daily SMA100: 56.87
    Daily SMA200: 63.15
Levels:
    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

 

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