Crude Oil (WTI)
BullishArchived analysis from Oct 23, 2026, 8:26 PM
Key insight
98.26 consolidating just below the $100 psychological ceiling; a close above 100.00 opens 101.50 (2026 swing high) and negates the two-week stall pattern.
98.26 holds above the 97.00 round-number support and 200-day MA at 96.40 — structure intact for a push toward the 2026 high at 101.50.
Main risk
China demand slowdown
Soft Chinese industrial data risks eroding the demand-side pillar; a break below 96.40 (200-day MA) would confirm the thesis.
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