WTI Price Forecast: Returns above $90.00 as Trump warns new military deployment in Iran

💡 DMK Insight

WTI’s bounce back to around $90 is a key moment for traders: This recovery from early losses signals potential bullish momentum, especially as it aligns with ongoing geopolitical tensions and supply concerns. Traders should keep an eye on the $92 resistance level; a break above could trigger further buying interest. Conversely, if WTI fails to hold above $90, we might see a retest of lower support levels, which could lead to increased volatility. Look at correlated markets like Brent crude, which often moves in tandem with WTI. A sustained rally in WTI could also lift energy stocks and ETFs, providing additional trading opportunities. Keep your charts handy and watch for any news that might impact supply chains or OPEC decisions, as these could be catalysts for price swings in the near term.