FX.co ★ Trading Signals for WTI on April 10-12, 2026: sell below $94.00 (200 EMA - 38.2%)

WTI crude oil is trading around $93.43, above the 200-day EMA, having rebounded and reached the 38.2% Fibonacci retracement level following the sharp drop below $106.40

Crude oil is expected to consolidate above $88.50, where the 200 EMA is located; therefore, if a technical correction occurs toward this zone in the coming hours, we could expect the bullish cycle to resume.

Given that crude oil is under downward pressure, if WTI reaches $96.97—where the 21 SMA is located—in the coming hours, this zone, which also coincides with the 50% Fibonacci retracement level, is expected to serve as an area to take short positions.

Our outlook could remain positive as long as the price consolidates above $88.50, with targets toward the 61.8% Fibonacci level around $98.90.

Given that crude oil is under downward pressure, if the price remains below the 38.2% Fibonacci level, this could be seen as a signal to sell below $93.70, with targets at $90 and ultimately at $88.58.

If crude oil breaks above and consolidates above $93.97 near the 21-day SMA, it could continue to rise, and the outlook would be bullish; we could expect it to return to the $106 level and might even reach the +1/8 Murray high around $112 per barrel.

Our trading plan for the coming hours is to sell oil below the 38.2% Fibonacci level. If the price breaks above this level, wait for it to reach the 50% Fibonacci level or the 21 SMA to open short positions. The Eagle indicator is showing a negative signal, which supports our bearish strategy.