Crude Oil (WTI)

Key insight

97.80 reclaims 200-day MA at ~96.40 on a 4% session spike — holding this level on any pullback is the key test; $100 round number is the next meaningful resistance to clear.

+4.0% surge breaks WTI back above $97 round number and the 200-day MA near $96.40, flipping near-term structure bullish with $100 psychological resistance now in focus.

Main risk

USD strength on risk-off rotation

USD/JPY +0.4% and EUR/USD -0.3% signal dollar bid; a sustained DXY rally pressures oil denominated in USD back toward $94 support.