Crude Oil (WTI)
BullishArchived analysis from Sep 3, 2026, 1:39 PM
Key insight
$90 reclaimed and holding — next resistance at $92.50 (Aug swing high). Break above confirms bull leg; failure back below $89 reopens $86.40 200-day MA test.
Holds $90.21, reclaiming the key $90 round-number level with gold surging +2.2% and USD/JPY sliding 1.9% — commodity tailwinds aligned as dollar softens.
Main risk
OPEC+ supply increase reversal
OPEC+ output-policy shift flooding barrels above quota would cap any rally and drag price back below $88 pivot.
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