Chart alert: WTI crude oil whipsawed above 20-day MA ahead of Trump’s speech and US-Iran ceasefire hopes
Key takeaways Volatility driven by ceasefire uncertainty: WTI crude surged above $102.25 to as high as $116 before reversing sharply, with an intraday whipsaw driven by conflicting signals around a potential US–Iran ceasefire and Trump’s rhetoric. Ceasefire expectations skewed to June: Prediction market assigns low odds of a ceasefire by end-April (~22.5%) but sees a…