Crude Oil (WTI)

Bullish

Archived analysis from Oct 14, 2026, 1:24 PM

Key insight

$94.44 sits just below the $95 round-number ceiling — a daily close above opens $97.50 (Sept swing high). Bulls hold the 50-day MA at $91.20 and must defend it; failure there shifts momentum sharply to bears targeting $88.

+1.2% today lifts WTI to $94.44, pressing the key $95 round-number resistance. Supply discipline from OPEC+ and a stronger USD creating cross-current tension — but price structure favours bulls above the 50-day MA at $91.20.

Main risk

USD strength vs. oil demand

EUR/USD down 0.7% to 1.1120 today — dollar strength pressures dollar-priced commodities; sustained DXY rally above 104 historically weighs on WTI.

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