Crude Oil (WTI)

Key insight

$89.72 holds above 200-day MA ($88.50) but fails $91.50 Aug swing high for a third week — no directional edge until one of those levels breaks with volume.

Flat at $89.72, pinned between $88.50 200-day MA support and $91.50 resistance. Supply discipline from OPEC+ offsets demand drag from slowing global manufacturing PMIs.

Main risk

China demand disappointment

Break below $88.50 200-day MA opens $85.00 — China industrial data repeatedly missing forecasts keeps demand ceiling low.