Crude Oil WTI Technical Analysis: Black Gold bears hit $63.00 a barrel
- Crude oil is in a bear trend below the 200-period simple moving average (SMA).
- Crude oil kept the bearish tone this Friday as WTI dipped below 63.00 a barrel. Technical indicators remain firmly negative suggesting further losses ahead.
- The bias remains bearish and targets to the downside can be seen near 63.00 figure and 61.81 April 6 low.
Crude oil WTI 4-hour chart
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Main Trend: Bearish
Resistance 1: 63.59 June 18 low
Resistance 1: 64.00 figure
Resistance 2: 64.40 August low
Resistance 3: 65.00 figure
Resistance 4: 65.69 August 13 low
Resistance 5: 66.84 September low
Support 1: 63.00 figure
Support 2: 61.81 April 6 low
Support 3: 59.95 March 8
Additional key levels at a glance:
WTI
Overview:
Last Price: 63.03
Daily change: -55 pips
Daily change: -0.865%
Daily Open: 63.58
Trends:
Daily SMA20: 68.74
Daily SMA50: 70.33
Daily SMA100: 69.44
Daily SMA200: 68.51
Levels:
Daily High: 63.6
Daily Low: 63.5
Weekly High: 69.65
Weekly Low: 66.08
Monthly High: 76.25
Monthly Low: 64.86
Daily Fibonacci 38.2%: 63.56
Daily Fibonacci 61.8%: 63.54
Daily Pivot Point S1: 63.52
Daily Pivot Point S2: 63.46
Daily Pivot Point S3: 63.42
Daily Pivot Point R1: 63.62
Daily Pivot Point R2: 63.66
Daily Pivot Point R3: 63.72