Crude Oil (WTI)

Key insight

$100 round number now acting as support after clean breakout; next technical magnet is the 2025 swing high near $103.50. Hold above $98.80 (50-day MA) confirms the bull structure; failure reopens $96.40.

$100 reclaimed and held — WTI trades at $100.18, a psychologically critical round-number breakout. Supply discipline from OPEC+ and sticky geopolitical risk premium keep the bid intact above this level.

Main risk

China Demand Slowdown

Softer Chinese industrial data cuts the world's largest crude importer's appetite — a demand miss would pierce $98.80 50-day MA fast.