Crude Oil (WTI)

Key insight

$90 round number acts as pivot: bulls need a daily close above $92 resistance to re-engage; bears need a break of $88.50 (200-day MA) to open a run toward $85.

Fades 0.84% to $90.28, holding between 200-day MA near $88.50 and the key $92 resistance — neither side has conviction as dollar softens but demand outlook stays uncertain.

Main risk

OPEC+ supply discipline breakdown

Any confirmed OPEC+ quota breach below $90 removes the production floor, targeting the 200-day MA at $88.50 rapidly.