Oil Technical Analysis: WTI stays in range near $56.60 a barrel
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Oil Technical Analysis: WTI stays in range near $56.60 a barrel

Oil daily 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 WTI is trading above the 100 and 200 SMAs suggesting a bullish bias in the medium-term.

Oil 30-minute chart

  • Bulls are trying to break above 56.60 resistance in order to reach 57.40 and 58.00 level.
  • To the downside, support is at 56.30 and 55.80 level.


Additional key levels


       Today Last Price:  56.24
       Today Daily change:  -26  pips
       Today Daily change %:  -0.46%
       Today Daily Open:  56.5
       Daily SMA20:  55.58
       Daily SMA50:  53.05
       Daily SMA100:  54.31
       Daily SMA200:  62.14
       Previous Daily High:  57.41
       Previous Daily Low:  56.31
       Previous Weekly High:  58.06
       Previous Weekly Low:  55.19
       Previous Monthly High:  57.92
       Previous Monthly Low:  51.56
       Daily Fibonacci 38.2%:  56.73
       Daily Fibonacci 61.8%:  56.99
       Daily Pivot Point S1:  56.07
       Daily Pivot Point S2:  55.64
       Daily Pivot Point S3:  54.97
       Daily Pivot Point R1:  57.17
       Daily Pivot Point R2:  57.84
       Daily Pivot Point R3:  58.27


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