Crude Oil (WTI)

Key insight

$100 round number holds as live support; break below triggers flush to 50-day MA near $97.80. Resistance at $102.50 prior swing high must clear to confirm bullish leg toward $106.

Holds $100.95 — psychologically critical $100 round number acts as floor, but $102.50 intraday resistance caps near-term upside. Sideways chop dominates ahead of next OPEC+ output decision.

Main risk

OPEC+ surprise output increase

Unscheduled OPEC+ supply boost would shatter $100 floor — prior episodes produced $5–8 drops within days of announcement.