Crude Oil (WTI)
BullishArchived analysis from Oct 22, 2026, 3:34 AM
Key insight
$100 round-number resistance caps the rally — a weekly close above it opens the 2025 swing high at $103.50 and shifts medium-term momentum decisively long.
Holds $98.26 within striking distance of the psychological $100 barrier; supply discipline from OPEC+ and USD/JPY at 158.5 keep the bid intact despite flat 24h tape.
Main risk
OPEC+ surprise output increase
Unscheduled OPEC+ output boost above quota could flush WTI back through the 50-day MA near $94.80, snapping the uptrend.
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