Crude Oil (WTI)
BullishArchived analysis from Oct 16, 2026, 8:25 PM
Key insight
$100 round-number resistance caps the rally; a daily close above it opens 2025 swing high at $103.50. Failure to break within 1-2 sessions risks a pullback to 50-day MA near $95.80.
$99.22 holds just below the $100 psychological barrier — OPEC+ supply discipline and USD softness (EUR/USD 1.1238) keep the bid intact despite flat 24h price action.
Main risk
China demand slowdown risk
Softer Chinese industrial data could cut demand estimates by 400-600 kb/d, dragging WTI back below $95 support.
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