Crude Oil (WTI)

Bullish

Archived analysis from Aug 11, 2026, 3:34 AM

Key insight

$82.13 Monday close now acts as near-term pivot — hold above $80 key round level to keep bull structure intact.

Hormuz closure risk dominates — Iran rejects US terms, keeping geopolitical premium elevated above $80.

Main risk

Sudden Hormuz deal / diplomatic breakthrough

Deal announcement could reprice $6–8 geopolitical premium instantly, targeting $74–75.

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