WTI Crude Oil Weekly Forecast: Bullish Outlook as Contentious Ceasefire Continues – 03 May 2026
WTI crude oil reflects geopolitical tension and shifting supply flows, with price action stabilizing above key technical levels.

WTI crude oil reflects geopolitical tension and shifting supply flows, with price action stabilizing above key technical levels.
Nasdaq, Bitcoin and major FX pairs reflect a volatile environment, with defined levels and mixed signals between momentum and hesitation.
Gold (XAU/USD) registered weekly losses, pressured by persistent uncertainty surrounding the Middle East conflict and hawkish guidance from major central banks.
USD/CHF dipped sharply before bouncing off the 0.7825 support level, with analysts favoring long positions on dips as the wide interest rate differential and an eventual Swiss franc weakening support a bullish longer-term outlook.
Gold (XAU/USD) meets with a fresh supply on Friday and slides back below the $4,600 mark during the early European session, eroding a part of the previous day’s modest recovery gains.
USD/CAD remains range-bound between 1.35 and 1.3750 as easing US 10-year yields weigh on the dollar, with crude oil and tight rate differentials keeping the pair in a consolidation pattern short-term.