WTI Oil Holds Gains as Buyers Defend 21-Day SMA
WTI crude oil trades around $82.13, supported by geopolitical tensions and a bullish technical bias as buyers hold the 21-day moving average.
WTI
West Texas Intermediate crude was modestly higher on Tuesday after a choppy session, with prices hovering near $82.13. Volatility in energy markets persisted amid fresh Middle East headlines, keeping traders on edge.
Technical momentum remains with bulls. The 21-day simple moving average is acting as a reliable support level, reinforcing the short-term uptrend. The price structure suggests buyers are stepping in on dips.
WTI has rallied more than 7% from its recent lows, reflecting both supply concerns and a constructive chart setup.
Source: FXStreet Forex News