WTI Crude Oil Consolidates Near $87 Peak
Crude Oil WTI prices are consolidating near recent highs at $85.11, less than 3% off August's peak of $87.69.
The market is in a tug-of-war between bulls and bears, with the long-term uptrend still intact but momentum cooling down.
Traders face a classic area for false breakouts and whipsaws near $84.50-$86.50.