Fundamental: WTI crude oil prices rose toward $90 per barrel as uncertainty over a possible U.S.-Iran agreement kept markets volatile.
Investors remain concerned about unresolved issues, including Iran’s control over the Strait of Hormuz and its nuclear program.
Fears of supply disruptions in the Middle East supported oil prices despite ongoing diplomatic talks.
Traders are closely monitoring developments, as any breakthrough or escalation could sharply impact global crude markets.
WTI TECHNICAL ANALYSIS
WTI Technical Structure: Doji 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: 87.00, 82.50, 79.00
Major Resistance: 92.50, 96.50, 100.00
farah khan
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