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MEDIUM IMPACT FXStreet · May 11, 05:38 AM

WTI Price Forecast: Returns above 20-day EMA as Trump dismisses Iran’s response

West Texas Intermediate (WTI), futures on NYMEX, is up 5.2% to near $96.60 in the Asian trade at the start of the week. The Oil price attracts significant bids as expectations that the United States (US) and Iran will reach a permanent ceasefire in the near term have faded.

WTIOIL
SIGNALPRO AI · WHAT'S LIKELY TO HAPPEN
BULLISH 75% confidence

WTI prices are likely to continue rising as market sentiment improves with reduced geopolitical tensions. The price may test higher resistance levels in the coming sessions.

AI-generated analysis. For educational purposes only — not financial advice.

West Texas Intermediate (WTI), futures on NYMEX, is up 5.2% to near $96.60 in the Asian trade at the start of the week. The Oil price attracts significant bids as expectations that the United States (US) and Iran will reach a permanent ceasefire in the near term have faded.

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