Crude Oil (WTI)

Bullish

Archived analysis from Sep 1, 2026, 3:36 AM

Key insight

85.88 tests key resistance cluster at 86.50 (Aug swing high). Break and hold above opens 88.40 (100-day MA). Failure reloads a dip to 84.50 support.

85.88 holds above the 200-day MA (~84.50), confirming the uptrend. OPEC+ supply discipline and tight summer demand keep the floor firm heading into Q4.

Main risk

China demand disappointment

Softening Chinese manufacturing PMI signals weakest Q3 demand since 2023 — break below 84.50 would confirm bearish shift.

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