Crude Oil (WTI)
BullishArchived analysis from Sep 7, 2026, 1:26 PM
Key insight
$90.62 tests the $91 resistance shelf — a confirmed close above opens $94–$95 swing-high zone. USD/JPY slide of -1.2% today signals broad dollar softness, a structural tailwind for crude denominated in USD.
Holds above $90 round number with +0.59% gain; 200-day MA near $87.50 acting as rising floor — supply discipline from OPEC+ underpins the uptrend against softening US dollar (EUR/USD 1.1626).
Main risk
China demand deterioration
Slowing Chinese industrial output could cut import volumes, dragging WTI back below $87.50 200-day MA and reversing the bull structure.
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