Crude Oil (WTI)
BullishArchived analysis from Oct 22, 2026, 1:26 PM
Key insight
$100 psychological resistance is the line in the sand — clear it on US-Iran escalation and $105 opens fast; fail and $95 prior breakout support is the next test.
Holds $98.26 with geopolitical bid intact: US-Israel strike plans vs Iran reported, Saudi Aramco Shaybah field drone-attacked, EIA draw -3.1 mb — $100 breakout in focus.
Main risk
Trump Russia Sanctions Waiver
Graham Act waiver restores Russian crude/diesel flows; strips one bullish pillar, capping upside near $100–$101 if Iran risk fades.
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