Crude Oil (WTI)

Key insight

$80.54 trades below the 50-day MA; next hard floor is $79.20 June swing low. Failure there opens $76–$75 zone. Rebound needs a close back above $82.00 to neutralise the breakdown.

Dropped 1.82% to $80.54, breaking below the 50-day MA near $81.50. Broad commodity selloff — gold -1.0%, silver -0.7% — confirms risk-off flow, not an isolated oil event.

Main risk

OPEC+ surprise production cut

Unscheduled OPEC+ output cut announcement could gap WTI back above $82 and invalidate the bearish breakdown overnight.