Crude Oil (WTI)
BullishArchived analysis from Oct 28, 2026, 4:36 AM
Key insight
$100 reclaimed and holding — bulls need a weekly close above $101.50 (2025 swing high) to confirm breakout; failure to hold $99.20 flips intraday structure bearish.
Breaks above $100 round number for first time since 2023, +1.45% today. Supply tightness via OPEC+ cuts and geopolitical risk premium sustain upward pressure above the 200-day MA at $97.40.
Main risk
Global demand slowdown — China
Softer Chinese industrial data threatens demand assumptions; a break below $97.40 (200-day MA) would expose $94.60 next.
With Pro
Levels, scenarios & outlook are only available in the app — for all analyses, including archived ones.
Get the app→