WTI Technical Analysis - The Strait Of Hormuz Is To Be Opened In 30 Days, Oil Down 7%
2026-05-26·via All Articles on Seeking Alpha
Summary
WTI oil is back to early May levels, when initial peace processes were announced as Trump foreshadowed a re-opening of the Strait of Hormuz in 30 days.
Crude tumbles 7% in this low-volume session, looking to confirm price and volume, but the narrative is positive for markets to start the week.
Exploring an in-depth technical analysis of crude oil.
peshkov/iStock via Getty Images
By Elior Manier
WTI crude oil is experiencing a concrete freefall today, tumbling 7% and crashing right back down to early May levels.
The huge catalyst driving this violent downside action is President Trump's blockbuster
