🛢️ **WTI Crude Plunges to 2-Month Lows!**
The geopolitical risk premium is rapidly unwinding l.
Following a preliminary U.S.-Iran peace agreement to reopen the strategic Strait of Hormuz, WTI crude has officially broken below the key $80 level, declining to **$79.85** (-1.63%).
Next support levels to watch:** $78.97 and $76.60.
Daily RSI is fast approaching oversold territory at 33.67.
Are you buying the dip for a technical rebound back toward $84.28, or preparing for a further slide to the 50-day MA at $74.06?