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macroAug 18, 2026, 4:03 AM

WTI crude holds near two-week high above $84 and key Fibonacci support

West Texas Intermediate is in a bullish consolidation around $84.20 after touching its strongest level in more than two weeks during Asian trading.

WTI

West Texas Intermediate crude is trading near $84.20 after setting a more-than-two-week high during Tuesday’s Asian session. The move keeps price action above $84.00 and above the 38.2% Fibonacci retracement level.

The tone remains bullish but consolidative, with buyers defending the recent breakout area as the benchmark US crude price holds its gains.

Source: FXStreet Forex News