WTI Technical Analysis - Crude Oil On Path To $90 As The Peace Trade Continues
2026-05-08·via All Articles on Seeking Alpha
Summary
WTI oil took a significant hit throughout yesterday's session as Axios revealed a more US-Iran deal under construction, and these flows are extending in today's session.
Confirming its price action below $100, sellers are attempting a push towards $90. Will momentum be enough to break the key level?
Exploring an in-depth technical analysis of the commodity.
imaginima/E+ via Getty Images
By Elior Manier
WTI crude oil dropped sharply yesterday after Axios reported that the US and Iran are working on a broad peace deal. The strong selling pressure is continuing into today.