WTI
98.768
Today
+0.72%
5 Days
+5.22%
1 Month
+2.88%
6 Months
+15.05%
Year to Date
+72.36%
1 Year
+73.87%
Key Data Points
Opening Price
98.038Previous Closing Price
98.059WTI Trading Strategy
Trading Strategy
Long positions above 79.90 with targets at 84.50 & 86.20 in extension.
Alternative scenario
below 79.90 look for further downside with 78.90 & 77.80 as targets.
Comment
long positions above 79.90 with targets at 84.50 & 86.20 in extension.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts fresh buyers during the Asian session on Wednesday, though it struggles to capitalize on the momentum beyond the $99.00 mark.
West Texas Intermediate (WTI) oil price appreciates after two days of losses, trading around $98.60 during Asian hours on Wednesday. Crude oil prices gained ground as traders assessed mixed reports regarding diplomatic progress between the United States and Iran.
West Texas Intermediate (WTI) US Oil falls sharply on Tuesday, trading around $95.70 at the time of writing, down 2.36% on the day. The Crude Oil retreats after reaching a one-month high above $100 earlier in the day.
West Texas Intermediate (WTI), futures on NYMEX, trades 2.5% higher to near $100.50, the highest level seen in over a month. The oil price is little far from revisiting its almost five-month high of $102.11.
• Middle Eastern geopolitical friction increased physical supply risks and drove oil prices higher. • Low U.S. inventories and OPEC+ output targets reinforced tight fourth-quarter supply fundamentals. • Technical indicators showed a MACD buy signal alongside neutral and overbought conditions.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $99.15 during the early European trading hours on Tuesday.
