Crude Oil (WTI)

Key insight

$92.61 clears 50-day MA at $91.50; next resistance is $94.80 (Aug 2026 swing high). Hold above $91.50 confirms bull leg; failure re-opens $89.20 200-day MA test.

+1.46% surge lifts WTI to $92.61, clearing the $91.50 50-day MA — first clean close above that level in weeks, shifting near-term momentum firmly to the upside.

Main risk

Global demand slowdown / China weakness

Softening Chinese manufacturing PMI caps demand ceiling; break below $89.20 (200-day MA) would invalidate the bullish structure entirely.