Crude Oil (WTI)

Key insight

$80.27 sits below the 50-day MA at $81.50; next hard support is $78.40 (200-day MA). A close under $80 would confirm short-term downtrend and expose the $76–$75 OPEC floor.

Drops 2.16% to $80.27, breaking below the 50-day MA near $81.50 — a technically significant breach that opens the door to the $78 demand zone.

Main risk

OPEC+ surprise output cut

Unscheduled OPEC+ cut announcement could spike WTI $4–$6 instantly, invalidating any short below $80.