Crude Oil (WTI)

Bullish

Archived analysis from Sep 24, 2026, 8:35 PM

Key insight

94.94 consolidates below 97.00 — break above unlocks 100.00 psychological target; hold above 92.50 (200-day MA) keeps the bullish thesis valid and dip-buyers engaged.

94.94 holds above the 200-day MA near 92.50, confirming bull structure intact. Supply cuts from OPEC+ and a softer USD bias keep the path of least resistance upward toward the 97.00 swing resistance.

Main risk

USD/JPY surge to 158.9

USD/JPY at 158.9 signals broad dollar resilience; a sustained DXY rally above 103 typically pressures USD-denominated crude demand.

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