WTI Technical Analysis - The Deal Is Still Quite Unsure, Crude Oil Back Above $100
2026-05-22·via All Articles on Seeking Alpha
Summary
WTI oil corrected strongly yesterday on Trump's announcement that a deal is close, but the reality could be less optimistic.
Traders are preparing for a rocky path to peace, as with the situation still unsure, oil rallies back above $100.
Exploring an in-depth technical analysis of crude oil.
imaginima/E+ via Getty Images
By Elior Manier
WTI crude oil corrected strongly yesterday following President Trump's optimistic announcement that a diplomatic deal was in its final stages, but the geopolitical reality is proving to be much less straightforward.
