Crude Oil (WTI)

Key insight

$100 round number is the fulcrum: close below it opens $96.50 gap support; reclaim of $103.20 (50-day MA) flips bias bullish. Watch weekly close for confirmation.

$100.57 holds the key $100 round-number floor but fails to reclaim $103 resistance — sellers cap every rally while OPEC+ supply discipline keeps a hard floor in place.

Main risk

OPEC+ surprise output decision

Unscheduled OPEC+ cut or extension of existing quotas could spike WTI $5-8 above $100 within sessions, stopping out shorts.