Crude Oil (WTI)
BullishArchived analysis from Aug 19, 2026, 3:36 AM
Key insight
84.78 trades above 200-day MA at 82.50 and eyes 86.50 resistance. Break above opens 89.00 — the 2026 swing high. Failure to hold 83.00 (50-day MA) would shift bias back to neutral near-term.
84.78 holds above the 200-day MA near 82.50, confirming the uptrend. OPEC+ supply discipline and a soft USD (EUR/USD 1.1583) support demand. +0.9% today while equities drift flat signals commodity-led rotation.
Main risk
China demand slowdown
Weaker Chinese industrial data risks cutting import demand; a drop below 83.00 (50-day MA) would confirm the threat.
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