WTI Crude Oil Stuck Near $85 as 100-Day SMA Acts as Key Resistance

WTI crude oil futures are facing a technical ceiling near $85 per barrel, as the 100-day simple moving average (SMA) acts as a key resistance level. According to market analysts, the SMA has historically served as a critical pivot point for trend traders, and when prices approach this level, it often triggers selling pressure from institutional investors.

As of mid-June 2025, WTI is hovering in a narrow range near $85, with buyers struggling to push prices beyond this technical indicator. The confluence of the SMA and the psychological round number creates a formidable resistance zone that traders are closely monitoring.

The lack of bullish momentum needed for a breakout above $85 has left market participants cautious about the potential for demand destruction at higher price levels. A decisive close above the 100-day SMA could open the door to further gains, with next resistance levels at $87 and $90.