Crude Oil (WTI)
BearishArchived analysis from Oct 12, 2026, 3:34 AM
Key insight
$90 floor cracked on ceasefire news — WTI trades $89.37, below 100-day SMA zone; Hormuz tanker attacks and Houthi strikes on Riyadh airport cap the downside, leaving the market in a tug-of-war between supply-risk bulls and ceasefire bears.
Dropped -2.16% to $89.37 as Trump's Russia-Ukraine energy ceasefire removes a key supply-risk premium; $90 round-number support now broken intraday.
Main risk
Russia-Ukraine Energy Ceasefire Reversal
Ceasefire collapses or Hormuz attacks escalate — risk premium snaps back; $92.25 Bollinger mid-band reclaimed fast.
With Pro
Levels, scenarios & outlook are only available in the app — for all analyses, including archived ones.
Get the app→