Crude Oil (WTI)

Bearish

Archived analysis from Aug 13, 2026, 3:34 AM

Key insight

81.37 snaps five-session advance — Hormuz stalemate and speculative long liquidation expose $79.50 50-day MA.

Five-day rally reverses at $84.61; Hormuz deal deadlocked, money managers trimming longs.

Main risk

Strait of Hormuz deal breakthrough

Hormuz reopening removes supply risk premium; WTI could gap $4-6 lower toward $75-76.

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