• WTI escalated prior gains to the intraday high of $52.80 before European markets open on Tuesday.
  • The energy benchmark struggles around a weeklong downward sloping trend-line, at $52.80, in order to justify its strength.
  • Should prices successfully clear $52.80 resistance-line, $54.20 and $54.90 may offer intermediate halts during rise to the current month high of $55.55.
  • During the quote’s extended rally beyond $55.55, 61.8% Fibonacci Retracement of its latest up-moves, at $57.50, could flash on buyers’ radar.
  • If at all the aforementioned trend-line continues to limit the upside attempts, an upward sloping support-line, at $51.80, may regain sellers’ attention.
  • Moreover, quote’s declines past $51.80 might not hesitate to visit $51.00 and the $50.30 ahead of diverting markets to $50.00 round figure.

WTI 4-Hour chart

Additional important levels:


    Today Last Price: 53.1

    Today Daily change: 35 pips

    Today Daily change %: 0.66%

    Today Daily Open: 52.75


    Daily SMA20: 53.47

    Daily SMA50: 51.03

    Daily SMA100: 56.65

    Daily SMA200: 63.08


    Previous Daily High: 53.07

    Previous Daily Low: 51.56

    Previous Weekly High: 55.93

    Previous Weekly Low: 52.05

    Previous Monthly High: 55.48

    Previous Monthly Low: 44.52

    Daily Fibonacci 38.2%: 52.14

    Daily Fibonacci 61.8%: 52.49

    Daily Pivot Point S1: 51.85

    Daily Pivot Point S2: 50.95

    Daily Pivot Point S3: 50.34

    Daily Pivot Point R1: 53.36

    Daily Pivot Point R2: 53.97

    Daily Pivot Point R3: 54.87


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