WTI Crude Oil rallies (again) as Trump rejects Iran peace proposal
Technical Analysis In the fifteen-minute chart, WTI US Oil trades at $98.30. The near-term bias stays bullish as prices hold well above the days open at $95.14, keeping the intraday structure underpinned despite the latest pullback from recent highs. The Stochastic RSI hovers around 42, pointing to neutral-to-moderate momentum and suggesting the market is consolidating rather than reversing decisively lower at this stage. On the downside, immediate support is anchored at the psychological $98.30 area, with additional backing coming from the days open at $95.14, which marks a deeper intraday floor if selling extends. With no nearby technical resistance levels defined by moving averages or other indicators in this snapshot, traders may look to price action around these supports for cues on whether the bullish intraday bias can be maintained. In the daily chart, WTI US Oil trades at $98.66. The contract holds a bullish near-term bias as price trades decisively above the 50-day exponential moving average (EMA) at roughly $90.30 and the 200-day EMA near $74.81, keeping the broader uptrend intact despite the recent pullback from the $105 area. However, the Stochastic RSI has rolled over toward the 40 region, hinting that upside momentum is cooling and that the market could consolidate