Crude Oil (WTI)
BearishArchived analysis from Sep 21, 2026, 3:34 AM
Key insight
$93.94 rejection confirms $95 as resistance; next key test is the 50-day MA near $91.50. Bear pressure holds while WTI trades below $95 and OPEC+ supply headlines remain absent.
Falls 2.62% to $93.94, breaking below the $95 round-number support — equities rally but oil diverges, signalling supply-side pressure or demand-growth scepticism at current levels.
Main risk
OPEC+ surprise output cut announcement
Unscheduled OPEC+ cut could spike WTI back above $95–$97 resistance, invalidating the bearish breakdown below the $95 round-number level.
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