• 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:

Overview:


    Today Last Price: 53.1


    Today Daily change: 35 pips


    Today Daily change %: 0.66%


    Today Daily Open: 52.75


Trends:


    Daily SMA20: 53.47


    Daily SMA50: 51.03


    Daily SMA100: 56.65


    Daily SMA200: 63.08


Levels:


    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

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Risk Warning: Trading Foreign exchange and CFDs are risky and can result in the loss of your invested capital. Please ensure that you understand the risks involved and do not invest more than you can afford to lose. Read full Risk Disclosure.
close