Crude Oil (WTI)

Key insight

$81.39 holds above $80.00 round support but fails to reclaim the 50-day MA at $83.00 — bears control short-term momentum; a daily close below $80.00 opens $76.50 swing low.

Slides 0.68% to $81.39 while gold surges 0.9% — classic risk-off rotation away from growth-sensitive crude. Price sits below the $83.00 50-day MA, keeping the short-term trend negative.

Main risk

OPEC+ surprise production cut reversal

Unexpected OPEC+ output ceiling lift would spike supply expectations, invalidating the bearish setup and targeting $86.00 resistance quickly.