Crude Oil (WTI)

Key insight

$101.46 now trades above the $100 round-number pivot — hold above this level confirms the trend reversal. Next resistance at $103.50 (50-day MA). A weekly close above $100 would be the first since Q3 2026.

Breaks above $100 psychological barrier with +2.15% surge, reclaiming the key round number for the first time since the Q3 2026 selloff. Supply-side tightness and USD softness at EUR/USD 1.1155 reinforce the move.

Main risk

OPEC+ unexpected supply reversal

Surprise output increase announcement could flush $4–6 below $100, invalidating the breakout and retesting $96.80 swing support.