# WTI Price Forecast: Downside bias persists while below 100-SMA hurdle near $86.80

> WTI climbed back above $86 in European trade but stayed below the 100-period SMA near $86.80. Iran reportedly closed the Strait of Hormuz, while US crude output hit a record and inventories rose.

- Date: 2026-11-12 · published 2026-11-13T00:10:35.106Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/96622-wti-price-forecast-downside-bias-persists-while-below-100-sma-hurdle-near-86-80
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Technical resistance and record US supply point to limited upside for crude, which keeps energy input costs for feed producers under modest pressure.

## Read by commodity

- WTI: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/wti-price-forecast-downside-bias-persists-while-below-100-sma-hurdle-near-8680-202611120906

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