Crude Oil (WTI)

Key insight

Fading -0.46% on the day while gold rallies +1.5% and silver +2.7% — safe-haven flows dominate; WTI needs a close above 92.00 to re-engage bulls, below 89.50 to confirm breakdown.

90.93 holds above the 200-day MA near 89.50 but fails to reclaim 92.00 resistance — gold's +1.5% surge signals risk-off macro tone, capping crude's upside near-term.

Main risk

USD/JPY at 158.3 — dollar strength

Strong USD at 158.3 vs JPY applies structural pressure on dollar-denominated crude; sustained dollar strength historically caps WTI rallies above 92.00.