Crude Oil (WTI)

Key insight

$89 is the line — break above $90.50 (August resistance) opens $92–$95 range; failure below $87 (50-day MA) shifts bias back to neutral fast.

Holds $89 with OPEC+ supply discipline intact; 200-day MA near $85 acting as structural floor. Demand resilience supports upside toward $92 September swing high.

Main risk

USD Strength / DXY Rally

USD/JPY at 158.0 flags dollar firmness; sustained DXY strength suppresses oil by raising import costs for non-USD buyers.