- Crude oil is trading in a strong bear trend below the 50, 100 and 200-period simple moving average on the 4-hour chart.
- Crude oil took yet another deep dive lower as the bears remain relentless keeping the bear trend intact.
- The next targets to the downside can be seen near 57.00 figure and 55.82 (December 7, 2017 low).
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Main Trend: Bearish
Resistance 1: 58.07 February 9 low
Resistance 2: 59.00 figure
Resistance 3: 61.00 figure
Resistance 4: 61.81 April 6 low
Resistance 5: 63.00 figure
Support 1: 57.00 figure
Support 2: 55.82 December 7, 2017 low
Support 3: 55.00 figure
Additional key levels at a glance:
WTI
Overview:
Last Price: 57.88
Daily change: -1.1e+2 pips
Daily change: -1.80%
Daily Open: 58.94
Trends:
Daily SMA20: 64.38
Daily SMA50: 69.02
Daily SMA100: 68.62
Daily SMA200: 68.45
Levels:
Daily High: 59.1
Daily Low: 58.83
Weekly High: 63.05
Weekly Low: 59.24
Monthly High: 76.25
Monthly Low: 64.86
Daily Fibonacci 38.2%: 59
Daily Fibonacci 61.8%: 58.93
Daily Pivot Point S1: 58.81
Daily Pivot Point S2: 58.69
Daily Pivot Point S3: 58.54
Daily Pivot Point R1: 59.08
Daily Pivot Point R2: 59.23
Daily Pivot Point R3: 59.35
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