WTI Crude Prices Stall After Gap Break, Caught Between Key Market Profile Levels

WTI crude fell more than 7% on 27 July 2026 following the United States’ decision to lift a series of sanctions against Iran over the weekend, bolstering expectations of a diplomatic resolution and the reopening of the Strait of Hormuz. Brent also slipped below $90 a barrel. Bloomberg reported that Yemen’s Houthi movement had claimed attacks on Saudi Aramco facilities in Jizan and Yanbu, indicating that the conflict remains unresolved.

WTI Technical Analysis

From early July, the oil benchmark XTIUSD charted a short‑term uptrend, rebounding from the $68 area on 2 July and sustaining a rally powered by an ascending trend line. That trendline held until the market peaked near $94.2, before being broken on 27 July by a sharp lower gap. Since then, the price has been attempting to move through two key levels within the current market profile: the Point of Control (POC) at $84.7 and the lower profile boundary at $82.7. If the market fails to hold these, the kroppenia support level at $80._reporting at $80.5 may gain importance. Notably, the gap unfolded on relatively modest trading volume, given the scale of the price movement.

Above current levels lies the market profile’s upper boundary at $90日時, which could serve as the next upside target if a reversal occurs. Resistance beyond that lies the $94..auto.2 level. The RSI and moving average indicator values—36, 55, 60—suggest that the market remains imbalanced and is still searching for equilibrium.

Summary

The modest volume that accompanied the gap indicates that the sell‑off may have been largely emotion‑driven, leaving space for buyers to returnutelif the geopolitical risk premium begins to rebuild. Consequently, oil prices remain confined to a narrow range between the POC and the lower market‑profile boundary, where momentum for the next significant move may be building.

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