Crude Oil (WTI)

Key insight

90.26 holds above 89.50 Aug swing low, but rejection at 91.40 (50-day MA) keeps bears in control. Break below 89.50 opens 87.00; reclaim of 91.40 flips setup bullish.

Fading below 91.00 resistance — WTI at 90.26 down 0.87% with gold and equities rallying, signalling oil-specific selling pressure near the 50-day MA at 91.40.

Main risk

OPEC+ supply decision reversal

Surprise OPEC+ output cut extension would squeeze shorts above 91.40 and target 94.00 rapidly.