
Crude oil markets are experiencing volatility as traders await clarity on a potential ceasefire extension in the Middle East, with Iranian counterproposals adding to uncertainty. WTI crude is testing resistance around $110, with support expected near $100, while Brent crude is fluctuating near $115, facing resistance and possible support at $105 and $100. The market is overextended in the short term, suggesting a potential pullback unless positive news emerges. Overall, investors are cautious ahead of the weekend, leading to choppy price movements.