Crude Oil (WTI)

Key insight

$102.36 holds while S&P drops 1.1% and gold craters 3.7% — oil's decoupling from risk-off points to a supply squeeze, not demand. Break above $105 opens $108 swing high.

Holds $102+ as equities sell off sharply — relative strength versus risk assets signals supply-side bid. 200-day MA near $98 intact; $100 round number defended as key floor.

Main risk

Global demand slowdown / recession fears

Equity indices down 1–1.7% on 30 Oct signal growth worry; sustained risk-off crushes oil demand bids and breaks $100 floor.