Crude Oil (WTI)
NeutralArchived analysis from Aug 19, 2026, 1:59 PM
Key insight
$84–$85 acts as pivot: break above $85.50 (June swing high) opens $88; close below $82.50 (50-day MA) flips short-term trend bearish. Gold surging +2.9% signals risk-off/USD-soft bid, not pure oil bullishness.
Holds $84.15 — caught between OPEC+ supply discipline and softening China demand signals, with USD weakening (EUR/USD 1.1649) providing a partial tailwind.
Main risk
China Demand Deterioration
Sustained weakness in Chinese manufacturing PMI and refinery run-rates threatens to cap any rally above $85.50 and invalidate the bull case.
With Pro
Levels, scenarios & outlook are only available in the app — for all analyses, including archived ones.
Get the app→