Crude Oil (WTI)
BullishArchived analysis from Sep 9, 2026, 9:02 PM
Key insight
94.72 trades inside the 91.50–97.50 range; break above 97.50 (Aug swing high) opens 100.00. Gold +1.0% and silver +2.2% signal broad commodity demand supporting crude.
94.72 holds above the 50-day MA near 91.50 — OPEC+ supply discipline and a softer USD keep the uptrend intact; next resistance at the psychological 95.00 level.
Main risk
China Demand Deterioration
Slowdown in Chinese manufacturing PMI below 50 cuts the largest marginal crude buyer, threatening support at 91.50 and triggering a flush to 88.00.
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