Crude Oil (WTI)

Key insight

$97.16 sits in no-man's land between $95.40 support (50-day MA) and $99.20 resistance (Aug swing high) — break of either resolves the range; gold's 1.9% rally flags macro unease, not supply optimism.

Stalls at $97.16, -0.73% on the day — holding below the key $98–99 resistance band while gold surges 1.9%, signalling risk-off rotation away from growth-sensitive crude.

Main risk

Global demand slowdown concern

Equities flat-to-down across US and Europe signal fading growth momentum; a demand-led breakdown below $95.40 targets $92.00.