Oil Technical Analysis: WTI hugging $57.00 a barrel
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Oil Technical Analysis: WTI hugging $57.00 a barrel

Oil chart  

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

Oil 4-hour chart

  • Crude oil is trading above its main SMAs suggetsing a bullish bias  in the medium-term.

Oil 30-minute chart

  • WTI is trading above its main SMAs suggesting bullish momentum in the short-term.
  • Bulls need to break 57.40 to reach 57.90 level.  
  • Support is at 56.30 and 55.80 and 55.20 level.

Additional key levels


       Today Last Price:  57.04
       Today Daily change:  37 ticks
       Today Daily change %:  0.65%
       Today Daily Open:  56.67
       Daily SMA20:  55.45
       Daily SMA50:  52.77
       Daily SMA100:  54.4
       Daily SMA200:  62.23
       Previous Daily High:  57.21
       Previous Daily Low:  56.04
       Previous Weekly High:  58.06
       Previous Weekly Low:  55.19
       Previous Monthly High:  57.92
       Previous Monthly Low:  51.56
       Daily Fibonacci 38.2%:  56.76
       Daily Fibonacci 61.8%:  56.49
       Daily Pivot Point S1:  56.07
       Daily Pivot Point S2:  55.47
       Daily Pivot Point S3:  54.9
       Daily Pivot Point R1:  57.24
       Daily Pivot Point R2:  57.81
       Daily Pivot Point R3:  58.41


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