WTI Crude Oil Tests $84 Resistance as Breakout Risk Builds

WTI crude hovered near $83.98 on August 12, testing the $83.91-$84.03 resistance area as an ascending triangle nears completion. The price remains above key trend averages, but a doji and RSI near 66 signal growing indecision at resistance.

For traders, $84.10 is the immediate breakout trigger. A volume-backed move above it could open the path toward $87.50 and $88.25, while a failed breakout would increase downside risks toward $80.50 and the $77 area.