Crude Oil (WTI)

Key insight

$85 round number holds for now, but a close below flips focus to the 200-day MA at $83.50. Gold's surge signals macro fear, not demand optimism — headwind for crude.

Falls 1.78% to $85.33 — gold +1.6% and crypto bid confirm risk-off rotation away from growth commodities; WTI rejected at $87 resistance and now tests $85 round-number support.

Main risk

China demand slowdown

Softening Chinese industrial data caps crude demand expectations; $83.50 (200-day MA) is the line between pullback and trend break.