WTI Crude Oil: Key Support and Resistance Levels Amid Volatile Trading Outlook, May 9, 2026
WTI Crude Oil has shown significant volatility in the past three trading days, dropping from above $106 to close at $95.08 yesterday. This price movement was driven by US efforts to fill the global oil supply gap through record exports, alongside geopolitical tensions in the Middle East. Market sentiment has oscillated due to reports of US-Iran peace talks and concerns around the Strait of Hormuz, leading to sharp price swings. Investors should monitor critical technical support and resistance l

















