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macroJun 10, 2026, 5:19 AM

WTI Crude Flat Below $87.50 as Bears Eye 100-Day SMA Break

West Texas Intermediate crude oil is trading flat near the mid-$87.00s, failing to capitalize on a modest Asian session uptick as bears anticipate a breakdown below the 100-day simple moving average.

WTI

West Texas Intermediate (WTI) crude oil is holding steady just below $87.50 during Tuesday's Asian session, with little change on the day after a minor uptick failed to gain traction.

Technical traders are watching for a potential breakdown below the 100-day simple moving average (SMA), which could open the door to further downside. The flat price action suggests indecision, but the bearish setup is keeping sellers interested.

No fresh catalysts have emerged to drive a decisive move, leaving WTI range-bound as market participants await clearer directional signals.

Source: FXStreet Forex News