Long Crude Oil WTI signal by Syed Foyez Uddin

WTI is navigating a ‘Diplomacy Discount’ following a 5.1% liquidation triggered by a 15-point US peace proposal. Although the headlines have cooled risk premiums to $88.87 , the technical floor remains firm at the 50% Fibonacci retracement ($88.89) . Fundamentally, the market is discounting the physical magnitude of the Strait of Hormuz closure , a 20% global supply shock that historically dwarfs diplomatic rhetoric. As skepticism over Iran’s denial of direct talks grows and April allocations ti