Special Report: 6-30-2025WTI August September October Butterfly

Overview

The prospect of the addition of more OPEC+ oil production, easing Mideast tension, the possibility of tariffs being re-imposed are all seemingly contributing to putting pressure on the WTI August / September / October  butterfly.

Technically, price action and momentum basis the daily chart for the butterfly are negative. Support for the wings ( August and October) versus the September is seen at 11 cents and then lightly at 7 cents. One supportive element ahead of the 11 and 7 cent supports is the fact that the daily chart's lower bollinger lies currently at 14 cents.
Resistance is seen at + 29 cents. The spread has fallen today to its worst value since early June as it prints +16 cents.

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