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Oil Technical Analysis: WTI jumps above $57.00 a barrel

Oil daily chart

  • Crude oil WTI is breaking above the 100 SMA suggesting that bulls are getting stronger.

Oil 4-hour chart

  • Crude oil is trading above the main SMAs suggesting bullish momentum in the medium-term. 

Oil 30-minute chart

  • WTI is trading above its main SMAs suggesting bullish momentum in the short-term. 
  • The next bullish target is at 57.70 and $58.00 a barrel.
  • Support is seen at 56.80 and 55.80 level. 

 

Additional key levels

WTI

Overview:
    Today Last Price: 57.3
    Today Daily change: 83 ticks
    Today Daily change %: 1.47%
    Today Daily Open: 56.47
Trends:
    Daily SMA20: 54.13
    Daily SMA50: 51.42
    Daily SMA100: 55.59
    Daily SMA200: 62.77
Levels:
    Previous Daily High: 56.67
    Previous Daily Low: 55.72
    Previous Weekly High: 56.22
    Previous Weekly Low: 51.56
    Previous Monthly High: 55.48
    Previous Monthly Low: 44.52
    Daily Fibonacci 38.2%: 56.08
    Daily Fibonacci 61.8%: 56.31
    Daily Pivot Point S1: 55.9
    Daily Pivot Point S2: 55.34
    Daily Pivot Point S3: 54.95
    Daily Pivot Point R1: 56.85
    Daily Pivot Point R2: 57.24
    Daily Pivot Point R3: 57.8

 

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