
WTI Price Forecast Tests Oil Bulls After Sub-$79 Scare
WTI slipped below $79, but bulls haven't lost control. US-Iran risk and key technical levels still set the next move.
Jul 16, 20266 min read0 reactions0 comments
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WTI slipped below $79, but bulls haven't lost control. US-Iran risk and key technical levels still set the next move.

WTI bounced on Hormuz risk, but $67.09 is the line. A break reopens $63.58 while $70 and the 20-day EMA cap bulls.

WTI is back above $72, but bulls still need $75.81 and the $77.18 EMA to turn a bounce into a real trend repair.