Crude Oil (WTI)

Key insight

84.78 sits between 50-day MA ~83.50 and $87.50 resistance; a clean break of either resolves the range. Gold's +1% rise signals macro unease that has not yet translated to oil demand bids.

84.78 holds mid-range between $80 floor and $90 ceiling — flat 24h move confirms indecision ahead of key OPEC+ and demand data catalysts.

Main risk

China demand disappointment

Softer Chinese industrial data risks cracking the $83.50 50-day MA — a close below triggers a move toward $79.80 2026 swing low.