Crude Oil (WTI)

Key insight

89.85 trades in the upper half of a $85–$93 consolidation range; a close above the 90.00 round-number resistance flips near-term momentum firmly bullish toward the 2026 swing high at 93.50.

89.85 holds above the 200-day MA near 87.50, posting a +0.62% gain while equities flatline and gold sells off — oil's relative strength signals supply-driven bid.

Main risk

USD/JPY surge to 160.2 — dollar strength

Dollar index rising alongside USD/JPY at 160.2 compresses USD-denominated crude; sustained DXY strength caps upside above 90.00.