Crude Oil Forecast: Can WTI Break $100 as Middle East Headlines Drive Volatility? – 18 May 2026
WTI crude oil remains headline-driven and volatile, with $100 acting as short-term resistance and the 50-day EMA near $93.50 offering key support.

WTI crude oil remains headline-driven and volatile, with $100 acting as short-term resistance and the 50-day EMA near $93.50 offering key support.
Bitcoin is struggling at the 200-day EMA as higher US yields weigh on risk appetite, but strong ETF inflows keep the broader bullish recovery alive.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, starts the week on a positive note, as oil prices extend its advance due to fears that the war between the United States (US) and Iran will resume.
Gold is trading back above $4,500 in Asia on Monday, attempting a recovery from seven-week lows near $4,480 amid renewed escalation in the conflict between the United States (US) and Iran.
Highs for the EUR/USD last week occurred on Monday when the 1.17890 vicinity was traversed, but as the week moved on negative momentum overtook the currency pair, and it went into this weekend near lows around the 1.16250 ratio.
Markets saw a firm resumption of risk-off sentiment towards the end of last week on rising yields, an advancing US Dollar, and the prospect of imminent renewed military clashes between the USA and Iran.