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1 Nov 2018

Crude Oil WTI Technical Analysis: Black Gold collapsing near $63.00 a barrel and to levels not seen since June

  • Crude oil is trading in a bear trend below the 200-period simple moving average (SMA). 
  • Crude oil is having a strong selloff this Thursday as WTI almost reached the 63.00 level.
  • The bias is 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

Main Trend:              Bearish

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:             63.59 June 18 low
Support 2:             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: 63.23
    Daily change: -1.8e+2 pips
    Daily change: -2.75%
    Daily Open: 65.02
Trends:
    Daily SMA20: 69.29
    Daily SMA50: 70.45
    Daily SMA100: 69.55
    Daily SMA200: 68.5
Levels:
    Daily High: 65.04
    Daily Low: 64.86
    Weekly High: 69.65
    Weekly Low: 66.08
    Monthly High: 76.25
    Monthly Low: 64.86
    Daily Fibonacci 38.2%: 64.97
    Daily Fibonacci 61.8%: 64.93
    Daily Pivot Point S1: 64.91
    Daily Pivot Point S2: 64.79
    Daily Pivot Point S3: 64.73
    Daily Pivot Point R1: 65.09
    Daily Pivot Point R2: 65.15
    Daily Pivot Point R3: 65.27

 

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