# WTI Forecast: Bears hold control below key Fibo. and 200-hour SMA

> WTI edged lower during the Asian session on Friday and failed to extend the previous day's gain. Hopes for a Russia-Ukraine ceasefire and higher OPEC+ output, including from Saudi Arabia and Iraq, capped prices, while Middle East risk and the Strait of Hormuz standoff provided some support. Technical indicators favored sellers below the 23.6% Fibonacci level and the 200-hour SMA.

- Date: 2026-11-13 · published 2026-11-13T12:10:21.003Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/97675-wti-forecast-bears-hold-control-below-key-fibo-and-200-hour-sma
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Technical bearish signals in WTI alongside rising OPEC+ output point to softer crude prices, which would ease energy costs for feed supply chains.

## Read by commodity

- WTI: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/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.