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
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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