Crude Oil (WTI)

Key insight

$100 round-number support is the line in the sand — a daily close below it opens a drop to the 50-day MA near $97.80, while $103 must reclaim to revive the bull case.

Rejected at $102 resistance, WTI slides to $100.57 — dollar strength (EUR/USD -0.3%) and demand-growth concerns cap upside below the key $103 supply zone.

Main risk

OPEC+ output policy surprise

Unscheduled OPEC+ cut announcement would spike WTI above $103 resistance and invalidate the bearish setup instantly.