Oil Forecast Today WTI Analysis and Signals July 2026 By Francesco Massetti Posted on 15 July 2026 Condividi su Facebook Condividi su Twitter Condiviso su Google+ Condiviso su Pinterest Condiviso su Linkedin Condiviso su Tumblr 2026 Oil Forecast Short- and Long-Term Performance Oil Forecast Today Weekly and Quarterly Price Trend Analysis Using WD Gann Time Cycles. Oil price trend in the short Weekly WTI Oil After a strong bullish acceleration, which characterized the period between mid-December 2025 and mid-March last, the oil market generated a significant phase of negative laterality. From the top of March 13, 2026, to $119.10, weekly WTI price closures were always executed under the 1X1 downward angle, visible with the red vector, a symptom of an ongoing weakness in the trend. Both the expiration of the Range Square at the end of May and the Maximum Square that expired the week of June 12 confirmed the weakness of the breve dynamic. Even during the last signal on June 19, oil prices broke down from previous lows, piercing the 1X2 corner support at $81, to reach subsequent corner supports: obstacles to the descending phase in the area $71.30; $68.20. Only the return above Set Up Weekly on June 12th at $96.70 will indicate a resumption of oil’s propulsive action: resistance in the $82.90 area Oil forecast today: monthly trend Monthly WTI Oil Based on the Range Square signal that expired in December 2025, the oil market had indicated in January the start of a new upward phase of the trend. The positive acceleration in March 2026 brought prices to their 2022 highs of around $119. However, subsequent signals in May and June this year highlighted a new trend of weak crude oil prices. In particular, during the June 2026 Minimum Square, prices dropped from 96.95 to around $73: the next obstacles to the negative trend are in the 71-67$ area. Only if we observe prices rising above $97.30 in July will oil re-establish a new attempt to restore propulsive action in the medium term. Quotation analysis Long-term oil WTI oil quarterly The long phase of negative laterality in oil prices, which began in the third quarter of 2022, ended in the first quarter of 2026. In fact, between January and March of this year, the expiration of the Maximum Square, we witnessed a strong driving force that brought prices from $55.78 to $119.10. In this second quarter of 2026, we are witnessing a partial retracement that will have area supports of $70 and $60. Resistances remain in the $93 area.
