WTI Crude Oil Technical Analysis Today
Summary
WTI Crude trades at 92.39, down 0.55% on the day after a swing high of 93.68. Price is sitting just beneath the 38.2% Fibonacci level at 92.47 and the SMA20 at 92.47, while holding above the SMA200 at 92.07. The overall technical bias remains bullish with medium confidence, supported by a score of 3.
Key levels — confluence zones
Zones where several technical levels cluster together (moving averages, SuperTrend, Fibonacci retracements, previous-day range, swing points). More converging levels mean a more relevant zone.
| Resistance | Levels | Strength |
|---|---|---|
| 92.90 | Swing high | ● |
| 93.68 | Previous-day high + Swing high | ●● |
| 95.29 | Elliott invalidation | ● |
| Support | Levels | Strength |
|---|---|---|
| 91.71–92.09 | Fib 61.8% + Swing high + SMA200 + Fib 50.0% | ●●●● |
| 91.07 | SMA50 | ● |
| 90.50–90.66 | Swing low + SuperTrend | ●● |
Trend
The SMA50 at 91.07 sits well below current price, confirming the intermediate uptrend. The SMA200 at 92.07 provides immediate dynamic support. SuperTrend remains in the upward direction with its line at 90.66, reinforcing the bullish structure. However, the 4-hour Ichimoku context shows price in a below-cloud regime with a bear score of 4 versus a bull score of 0, introducing caution.
| Indicator | Value | Reading |
|---|---|---|
| SMA 20 | 92.47 | price below |
| SMA 50 | 91.07 | price above |
| SMA 200 | 92.07 | price above |
| SuperTrend (10,3) | 90.66 | bullish |
| Ichimoku 4H | below the cloud | 0/4 bullish · 4/4 bearish |
Momentum
RSI at 58.0 remains constructive, holding above the midpoint without yet signaling overbought conditions. MACD at 0.509 is positive but has crossed below its signal line at 0.565, suggesting some softening in short-term momentum. Volume ratio at 0.13 indicates very thin participation on this current bar.
| Indicator | Value |
|---|---|
| RSI (14) | 58.0 |
| MACD / signal | 0.509 / 0.565 |
| Volume vs 40-bar average | ×0.13 |
Structure — swing, Fibonacci and Elliott Wave
The active swing runs from 90.50 to 93.68 in the upward direction. Price is currently near the 38.2% retracement at 92.47. The 50% level at 92.09 and 61.8% at 91.71 define a strong confluence support zone rated strength 4. Elliott wave context identifies current price action as Wave A, a first corrective leg, with a 50% probability and invalidation at 95.29.
| Element | Level |
|---|---|
| Last swing | 90.50 → 93.68 (up) |
| Fibonacci 38.2% | 92.47 |
| Fibonacci 50.0% | 92.09 |
| Fibonacci 61.8% | 91.71 |
| Elliott Wave | Wave 🅐 — First Corrective Leg |
| Elliott invalidation | 95.29 |
Trade scenarios
Educational scenarios built from the confluence zones. Entry, stop and target are calculated by our engine; risk/reward is computed from the published numbers, and scenarios with an unfavourable ratio are flagged rather than presented as opportunities.
| Scenario | Entry | Stop | Target | R:R | Quality |
|---|---|---|---|---|---|
| Bullish aggressive (pullback) | 92.09 | 91.32 | 92.90 | 1.05:1 | unfavourable |
| Bearish aggressive (rejection) | 92.90 | 93.29 | 92.09 | 2.08:1 | good |
| Bullish conservative (breakout) | 93.10 | 92.51 | 93.68 | 0.98:1 | unfavourable |
| Bearish conservative (breakdown) | 91.52 | 92.48 | 91.07 | 0.47:1 | unfavourable |
Outlook and confirmation
A hold above 91.71 and a reclaim above the bull trigger at 92.90 would strengthen the bullish case, opening a path toward 93.68. A failure below 91.71 activates the bear trigger and shifts focus lower. The short rejection scenario — entry 92.90, stop 93.29, target 92.09 — carries an RR of 2.08 and is rated good, making it the only setup with a favourable risk/reward profile under current conditions.
FAQ
What is the WTI Crude Oil trend today?
On the 1-hour chart our engine reads a bullish bias with medium confidence (score +3/7), based on moving averages, MACD, RSI, SuperTrend and the 4-hour Ichimoku context. WTI Crude Oil trades at 92.39.
What are the key support levels for WTI Crude Oil?
The nearest support zones are 91.71–92.09, 91.07, 90.50–90.66.
What are the key resistance levels for WTI Crude Oil?
The nearest resistance zones are 92.90, 93.68, 95.29.
What would confirm a move in WTI Crude Oil?
An hourly close above 92.90 would confirm the bullish case. An hourly close below 91.71 would confirm the bearish case.
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