Crude Oil (WTI)
BullishArchived analysis from Oct 21, 2026, 8:25 PM
Key insight
$101.37 June contract high is the line in the sand — reclaim it and bulls target $106.75; fail and a 3-day flush toward $93.69 Fib support is on the table.
Holding $98 after Tuesday's reversal from $101.37 high; Strait of Hormuz supply risk and Houthi strikes on Saudi Shaybah oilfield keep geopolitical premium intact.
Main risk
Trump Russia Sanctions Waiver
Executive order suspending Graham Act penalties on Russian crude exports adds meaningful supply, eroding the geopolitical premium built since Sep.
With Pro
Levels, scenarios & outlook are only available in the app — for all analyses, including archived ones.
Get the app→