VIP MARKET UPDATE: $WTI
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$WTI crude settled the week at 94.40, ending 1.5% lower on the day but still posting a remarkable 14% weekly gain driven entirely by the ongoing closure of the Strait of Hormuz. The chart tells the story clearly, a violent collapse from the 116 highs followed by a sharp recovery that has brought price back toward the 96–100 resistance zone where it is now stalling. Gains are being capped by cautious optimism as US and Iranian officials head to Islamabad for fresh talks, with markets torn between the supply shock of a closed strait and the possibility of a diplomatic resolution.
For crypto traders the takeaway is straightforward. Bitcoin and altcoins have been moving in direct response to every development in this conflict, and as long as the Strait remains closed, the risk-off environment keeps speculative assets under pressure. Any meaningful diplomatic breakthrough this weekend however could trigger a sharp Oil correction that historically has been the green light for capital to rotate back into crypto. The Islamabad talks are the most important macro catalyst for the entire market heading into next week.
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