Crude Oil (WTI)

Key insight

$90 round number holding by a thread — close below triggers next support at 88.50 (50-day MA). Gold +1% vs Oil -1% divergence flags defensive rotation away from growth-sensitive assets.

Slides 1% to $90.19, failing to hold the $91 pivot; gold's +1% surge signals risk-off demand for safe havens over cyclical commodities, reinforcing downside pressure.

Main risk

OPEC+ supply policy shift

Surprise OPEC+ output cut extension could spike WTI back through $93 resistance, invalidating the bearish setup instantly.