Crude Oil (WTI)

Key insight

$82.22 sits in a compression zone between $80.50 support (50-day MA) and $84.00 resistance (200-day MA). A daily close outside this band sets the next directional move — failure below $80.50 opens $77.00.

Drops 1.2% to $82.22, stalling below the 200-day MA near $84.00 — OPEC+ supply creep and soft Chinese demand keep the path of least resistance pointed lower.

Main risk

OPEC+ surprise output increase

Voluntary cuts partially unwound since Q2 2026; any further rollback vote breaks $80.50 support and accelerates decline toward $77.00.