Crude Oil (WTI)

Bearish

Archived analysis from Aug 13, 2026, 12:16 PM

Key insight

$80.50 (50-day MA) now the line in the sand — close below opens $78 retest; Hormuz outcome drives next $5 move.

Drops -2.2% to $80.67 as Hormuz deal talks stall; five-day rally reverses on deadlocked Iran negotiations.

Main risk

Hormuz Strait deal / breakdown

Surprise Hormuz reopening deal snaps bear thesis; $84.61 overnight high shows upside sensitivity.

With Pro

Levels, scenarios & outlook are only available in the app — for all analyses, including archived ones.