WTI stays pressured beyond $40.00 despite multiple bounces off 200-HMA.
MACD conditions suggest bears rolling up their sleeves for entry.
Bulls will have multiple upside barriers beyond $41.00.

WTI recedes to $40.31, down 1.06% on a day, during the early Monday’s trading. The black gold extends late Friday's pullback from $40.89 but 200-HMA keeps restricting immediate downside.

Even so, repeated failures to stay strong above $40.00 joins the likely turn of MACD histogram in favor of sellers to suggest the energy benchmark’s momentum weakness. As a result, the bears are preparing for entry below 200-HMA level of $40.28 to attack $40.00.

In doing so, 61.8% Fibonacci retracement of its June 25 to July 06 upside, around 38.68, will be on their radars. Though, $39.30 and 50% Fibonacci retracement near $39.15 can offer intermediate halts during the fall.

On the upside, Friday’s top around $41.00 can act as immediate resistance ahead of the monthly peak close to $41.15.

However, the quote’s rise past-$41.00 needs validation from June month’s peak around $41.65 before eyeing February month low near $44.00.

WTI hourly chart

Trend: Pullback expected

Additional important levels

Overview
Today last price	40.31
Today Daily Change	-0.44
Today Daily Change %	-1.08%
Today daily open	40.75

Trends
Daily SMA20	39.54
Daily SMA50	35.22
Daily SMA100	32.79
Daily SMA200	44.58

Levels
Previous Daily High	40.89
Previous Daily Low	38.73
Previous Weekly High	41.14
Previous Weekly Low	38.73
Previous Monthly High	41.65
Previous Monthly Low	34.45
Daily Fibonacci 38.2%	40.07
Daily Fibonacci 61.8%	39.56
Daily Pivot Point S1	39.35
Daily Pivot Point S2	37.96
Daily Pivot Point S3	37.19
Daily Pivot Point R1	41.52
Daily Pivot Point R2	42.29
Daily Pivot Point R3	43.68

WTI Price Analysis: 200-HMA probes bears above $40.00