Crude Oil (WTI)

Key insight

83.22 holds above 200-day MA at 82.00 but stalls below 85.50 swing resistance — a break either side determines the next $5 move; current flatness reflects supply/demand stalemate.

83.22 sits between 200-day MA (~82.00) support and 85.50 resistance — flat 24h print signals indecision ahead of next OPEC+ output decision.

Main risk

OPEC+ surprise output increase

Unscheduled OPEC+ supply hike above current quotas would flush price through 82.00 MA support toward 78.50 rapidly.