WTI
Fundamental:
Oil prices rose as uncertainty over a possible US-Iran deal increased fears of supply disruptions in global energy markets.
Traders remain cautious because any delay or breakdown in negotiations could tighten crude supplies, especially around the Strait of Hormuz.
Brent and WTI crude recovered losses as geopolitical tensions and falling US crude inventories supported prices.
Markets are now closely tracking Middle East developments, which continue to drive volatility in global oil prices.
WTI TECHNICAL ANALYSIS
WTI Technical Structure: Triple Top on Daily, Trading Below 20-SMA on Daily, Consolidation on 4H, Bullish Flag on 1H
Weekly Trend: Bearish to Neutral
Intraday Trend/ Intraday Strategy : Bearish/ Sell on Resistance, Sell on Support Breakdown
Major Support: 91.00, 87.00, 82.00
Major Resistance: 96.50, 100.00, 104.00
farah khan