Crude Oil (WTI)

Key insight

$100 psychological level acting as pivot — break below 200-day MA at $98.50 opens $95.40 Fib target; reclaim of $103.50 swing high flips near-term bias bullish.

Holding $100 round-number support after -0.47% slip; price compressed between $98.50 200-day MA and $103.50 prior swing high — no directional conviction yet.

Main risk

OPEC+ supply policy shift

Unscheduled OPEC+ output increase above current cut baseline would pressure WTI below $98.50, invalidating bull thesis.