Crude Oil (WTI)
BullishArchived analysis from Sep 11, 2026, 8:27 PM
Key insight
97.33 sits 2.7% below the key $100 psychological barrier; a weekly close above $98.50 (Aug swing high) flips short-term momentum bullish and opens a run toward $102–$104.
97.33 holds above the 95.00 round-number support and the 200-day MA near 94.50 — supply tightness from OPEC+ cuts keeps the trend constructive heading into Q4 demand season.
Main risk
China Demand Disappointment
Weak Chinese manufacturing PMI prints could slash demand forecasts, pulling WTI below the 200-day MA at 94.50 and invalidating the bull case.
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