WTI | 24–28 Aug 2026

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WTI | 24–28 Aug 2026West Texas Intermediate Crude Oil cashBLACKBULL:WTIYES_GroupLast Week Recap | 17–21 Aug 2026: WTI continued to rise for the second consecutive week, supported by rising US–Iran tensions and increased Supply Risk surrounding the Strait of Hormuz. WTI closed at $87.52 (+5.66%). Fundamental | 24–28 Aug 2026: The outlook remains Bullish but highly volatile. Markets continue to monitor Geopolitical Risk and oil transportation through the Strait of Hormuz. If Supply remains constrained, prices could receive further support. However, traders should watch for pressure from Global Demand and potential profit-taking if geopolitical tensions ease. Technical | 4H: If WTI holds above 87.50 and breaks above 88.15, it could move higher to test 89.50 / 90.00. A break below 87.50 could lead to a pullback toward 84.75. Bias: Bullish Resistance: 88.15 / 89.50 / 90.00 Support: 87.50 / 84.75 Target: 90.00 Cut Loss: Below 87.50