# WTI Price Forecast: Clinging to a key support at the 200-day SMA near $86.00

> WTI traded near $87.50 after falling about 14% during the week, testing support at the 200-day moving average near $86. The decline followed the Democratic midterm victory, which raised hopes for an end to the Iran war, while IRGC claims of tanker fires in Hormuz limited losses.

- Date: 2026-11-05 · published 2026-11-05T18:07:30.993Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/82075-wti-price-forecast-clinging-to-a-key-support-at-the-200-day-sma-near-86-00
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A sharp fall in crude lowers diesel, fertilizer and freight costs over time, easing feed production expenses. The market is pricing a lower war premium, though Hormuz disruptions still support a floor.

## Read by commodity

- WTI: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/wti-price-forecast-clinging-to-a-key-support-at-the-200-day-sma-near-8600-202611050932

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.