WTI Will Fail to Close Above $86 as Resistance Holds

WTI Crude Oil will not close above $86 on August 24. Even though WTI hit $87.700 on Thursday and traded near $86.630 on August 23 with a live quote of $86.9580, technical resistance at $86.850 may hold. October futures settled at $87.06 on August 22 but volatility this week included a low near $84.…