# WTI Price Forecast: Bears have the upper hand below 23.6% Fibo. and 200-hour SMA

> WTI edged lower in Asian trade on Friday after a prior-day gain, as traders weighed Middle East risk against higher OPEC+ output. Trump issued a fresh warning to Iran, and Iran's parliament speaker said the Strait of Hormuz will never return to its prior status.

- Date: 2026-11-13 · published 2026-11-13T06:09:38.948Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/97207-wti-price-forecast-bears-have-the-upper-hand-below-23-6-fibo-and-200-hour-sma
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher OPEC+ and Saudi and Iraqi output offset geopolitical premium, leaving crude pressure mixed for energy costs in feed supply chains.

## Read by commodity

- WTI: bearish ▼

## Sources

- tmgm.com: https://www.tmgm.com/en/analysis/market-news/article/wti-price-forecast-bears-have-the-upper-hand-below-236-fibo-and-200-hour-sma-202611130512

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