{
  "id": 1629182,
  "title": "WTI Price Forecast: Bulls retain near two-week top, above $84.00 and 38.2% Fibo.",
  "url": "https://urgent.news/2026/08/18/wti-price-forecast-bulls-retain-near-two-week-top-above-84-00-and-38",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T04:02:55.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/wti-price-forecast-bulls-retain-near-two-week-top-above-8400-and-382-fibo-202608180402"
  },
  "original_language": "en",
  "account": "West Texas Intermediate (WTI) crude oil prices are currently trading in a bullish consolidation phase, hovering around the $84.20 mark. The ongoing US-Iran tension over the Strait of Hormuz continues to bolster the demand for WTI due to the geopolitical risk premium. From a technical standpoint, WTI shows a bullish bias above the 38.2% Fibonacci retracement level from the July-August decline. Momentum indicators remain supportive, suggesting further appreciation in the near term. However, the key hurdle for bulls is the $86.65-$86.70 confluence area, which includes the 100-day Simple Moving Average (SMA) and a downward trend line. The 50.0% Fibonacci level at $87.23 is another significant barrier that needs to be breached for a stronger upward move. On the downside, support can be found at the 38.2% Fibonacci level at $82.53 and the 23.6% retracement at $76.72. A drop below these levels could expose the monthly support zone near the mid-$73.00s, potentially leading to a test of sub-$70.00 levels.",
  "summary": "West Texas Intermediate (WTI) – the benchmark US Crude Oil price – enters a bullish consolidation phase after hitting an over two-week high during the Asian session on Tuesday and currently trades around the $84.20 region.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecast: XAG/USD falls to near $65.50 amid US-Iran peace uncertainty",
        "url": "https://urgent.news/2026/08/18/silver-price-forecast-xag-usd-falls-to-near-65-50-amid-us-iran-peace",
        "published": "2026-08-18T02:08:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}