Crude Oil (WTI)

Key insight

90.14 sits in a compression zone between 89.00 support (50-day MA) and 92.50 resistance (Aug swing high). Break above 92.50 opens 95.00; failure below 89.00 flips structure bearish.

Holds $90 handle with Gold +1.9% and USD/JPY -1.9% signalling risk-on / dollar softness — tailwinds for crude above the 89.00 50-day MA.

Main risk

OPEC+ surprise supply increase

Unscheduled OPEC+ output raise would pressure WTI below 89.00 (50-day MA), invalidating the bullish structure quickly.