Crude Oil (WTI)

Key insight

$100 round-number resistance is the line in the sand — a weekly close above it opens 103.50 (2025 swing high). Failure to break keeps WTI range-bound between 95 and 100 ahead of next OPEC+ monitoring meeting.

99.13 holds above the 200-day MA near 91.50 and the key $95 supply floor — +1.2% today confirms buyers defending the psychological $100 threshold from below.

Main risk

China demand disappointment

Sustained weak Chinese industrial data could pull WTI back through $95 support, invalidating the bullish structure above the 200-day MA.