WTI Crude Holds $101 in Symmetrical Triangle as Ceasefire Persists Amid Headline Noise

WTI crude (WLDOIL) trades near $101.23 on May 14, consolidating in a symmetrical triangle within an ascending channel, defending 50-day EMA at $97.78 amid choppy headlines from US-Iran ceasefire stability and Trump-Xi talks. Prices peaked at $106.42 on May 4, crashed to $89.85 on May 7 with ceasefire optimism, surged 3% on May 10 after nuclear talks collapsed, settled at $98.07 (+2.78%) on May 11, hit $101.56 on May 12, then slipped below $101 on May 13 despite EIA's -4.3M barrel draw before rebounding. Bullish bias above $99 targets $103.65-$115, with triangle breakout eyeing $118+.