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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 100 and 200 SMA suggesting bearish momentum in the short-term.
  • However, if bulls crack the 53.20 resistance to the upside, the market could reach 54.00 figure next week.
  • On the way down, investors can expect short-term support at the 52.00 and 51.50 level.

Additional key levels

WTI

Overview:
       Today Last Price:  52.99
       Today Daily change: 12  pips
       Today Daily change %:  0.23%
       Today Daily Open:  52.87
Trends:
       Daily SMA20:  53.33
       Daily SMA50:  51.03
       Daily SMA100:  57.09
       Daily SMA200:  63.21
Levels:
       Previous Daily High:  54.47
       Previous Daily Low:  52.05
       Previous Weekly High:  55.79
       Previous Weekly Low:  51.43
       Previous Monthly High:  55.48
       Previous Monthly Low:  44.52
       Daily Fibonacci 38.2%:  52.97
       Daily Fibonacci 61.8%:  53.55
       Daily Pivot Point S1:  51.79
       Daily Pivot Point S2:  50.71
       Daily Pivot Point S3:  49.37
       Daily Pivot Point R1:  54.21
       Daily Pivot Point R2:  55.55
       Daily Pivot Point R3:  56.63