Crude Oil (WTI)
BullishArchived analysis from Aug 17, 2026, 3:34 AM
Key insight
$81.61 holds key round-number support after 5%+ weekly rally; Hormuz deadlock + US naval blockade of Iran sustain upside pressure toward $84.70 resistance.
Hormuz strait attacks on Abu Dhabi tankers keep supply-risk premium intact; WTI holds above $81 with $84.70–$86.50 resistance zone as next test.
Main risk
US-Iran Nuclear Deal / Hormuz Re-opening
Diplomatic breakthrough reopening Hormuz removes geopolitical risk premium; WTI could flush to $75–$76 support on ceasefire headlines.
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