WTI Remains Under Bearish Pressure as Markets Await US-Iran
1. MACRO DRIVERS
West Texas Intermediate crude oil stabilized after yesterday’s nearly 5% decline as markets reacted to mixed signals surrounding a potential peace agreement between the US and Iran.
WTI is currently trading around the 97.50 USD area, with traders remaining cautious while waiting for further developments related to the Middle East situation.
Overall, market sentiment remains highly dependent on geopolitical headlines, particularly expectations surrounding a possible US-Iran agreement.
2. STRUCTURE & LIQUIDITY
From a structural perspective, WTI remains in a bearish market condition.
• Price continues forming lower highs.
• The 1H descending trendline remains intact.
• EMA 200 continues acting as dynamic resistance, limiting recovery momentum.
At the same time, price is attempting to recover toward the Fibonacci 1.618 zone around 98.8–99.0, which also aligns with horizontal resistance and trendline confluence. This area may attract renewed selling pressure.
3. FLOW & BIAS
Momentum conditions currently remain in a broad sideways consolidation phase following the recent sharp decline.
Despite the ongoing recovery attempt, the market still lacks a clear bullish breakout confirmation, suggesting current price action remains corrective rather than trend reversal.
As long as price stays below the descending trendline and major resistance zones, bearish pressure is likely to remain dominant.
4. OUTLOOK
WTI is expected to continue trading within the current consolidation range as markets wait for additional developments regarding a possible US-Iran agreement.
Traders should continue monitoring geopolitical headlines closely, as they are likely to determine the next directional move for oil prices.
A confirmed peace agreement could trigger further downside pressure on crude oil, while any escalation in Middle East tensions may support another strong upside move.
Wishing you a successful trading day
West Texas Intermediate crude oil stabilized after yesterday’s nearly 5% decline as markets reacted to mixed signals surrounding a potential peace agreement between the US and Iran.
WTI is currently trading around the 97.50 USD area, with traders remaining cautious while waiting for further developments related to the Middle East situation.
Overall, market sentiment remains highly dependent on geopolitical headlines, particularly expectations surrounding a possible US-Iran agreement.
2. STRUCTURE & LIQUIDITY
From a structural perspective, WTI remains in a bearish market condition.
• Price continues forming lower highs.
• The 1H descending trendline remains intact.
• EMA 200 continues acting as dynamic resistance, limiting recovery momentum.
At the same time, price is attempting to recover toward the Fibonacci 1.618 zone around 98.8–99.0, which also aligns with horizontal resistance and trendline confluence. This area may attract renewed selling pressure.
3. FLOW & BIAS
Momentum conditions currently remain in a broad sideways consolidation phase following the recent sharp decline.
Despite the ongoing recovery attempt, the market still lacks a clear bullish breakout confirmation, suggesting current price action remains corrective rather than trend reversal.
As long as price stays below the descending trendline and major resistance zones, bearish pressure is likely to remain dominant.
4. OUTLOOK
WTI is expected to continue trading within the current consolidation range as markets wait for additional developments regarding a possible US-Iran agreement.
Traders should continue monitoring geopolitical headlines closely, as they are likely to determine the next directional move for oil prices.
A confirmed peace agreement could trigger further downside pressure on crude oil, while any escalation in Middle East tensions may support another strong upside move.
Wishing you a successful trading day
การซื้อขายยังคงดำเนินอยู่
WTI Update : Price reached 98.40 and declined toward the 95 target.
The plan has been completed successfully.
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
complete the original plan 
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การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน