Oil Technical Analysis: WTI hits $59.04 a barrel
Oil daily chart
- Oil is trading above the 50 and 100-day simple moving averages (SMAs) suggesting a bullish bias.
Oil 4-hour chart
- Crude oil WTI is trading above its main SMAs suggesting a bullish bias in the medium-term.
Oil 30-minute chart
- Oil is trading above its main SMAs suggesting bullish momentum in the near-term.
- Bulls are trying to break above 59.00 on a daily basis in order to travel towards 59.30 and 60.00 figure.
- To the downside, supports are at 58.40 and 58.00 level.
Additional key levels
WTI
Overview:
Today Last Price: 58.88
Today Daily change: 27 pips
Today Daily change %: 0.46%
Today Daily Open: 58.61
Trends:
Daily SMA20: 56.66
Daily SMA50: 54.36
Daily SMA100: 53.73
Daily SMA200: 61.64
Levels:
Previous Daily High: 58.76
Previous Daily Low: 57.31
Previous Weekly High: 57.41
Previous Weekly Low: 54.79
Previous Monthly High: 57.92
Previous Monthly Low: 51.56
Daily Fibonacci 38.2%: 58.21
Daily Fibonacci 61.8%: 57.86
Daily Pivot Point S1: 57.69
Daily Pivot Point S2: 56.78
Daily Pivot Point S3: 56.24
Daily Pivot Point R1: 59.14
Daily Pivot Point R2: 59.68
Daily Pivot Point R3: 60.59