Crude Oil (WTI)

Key insight

$90 round number acting as pivot — break below confirms retest of $87.50 Aug swing low; reclaim of $92.50 (100-day MA) opens $95 resistance. Volume confirmation required on either side.

90.82 holds the $90 round-number support but stalls below the 100-day MA near $92.50 — flat 24h print signals indecision with no clear directional catalyst.

Main risk

OPEC+ production policy shift

Surprise output increase from OPEC+ alliance would pressure WTI below $90 toward $87.50 Aug swing low, invalidating the current floor.