Crude Oil (WTI)
BullishArchived analysis from Sep 8, 2026, 8:32 PM
Key insight
$92.26 clears 50-day MA at $91.40 on rising volume — bull case targets $95.80 Aug swing high. Hold fails below $90.50 (200-day MA zone), flipping structure bearish.
Rallies +1.1% to $92.26, breaking above the 50-day MA at $91.40 as OPEC+ supply discipline holds and demand signals from Asia stabilise. Next resistance at $93.50 swing high.
Main risk
Global Recession Demand Destruction
Equities soft across Europe (-0.5%) and US flat — a risk-off turn crushes crude demand expectations and pulls WTI back below $90.
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