Crude Oil (WTI)

Key insight

$100 round number lost on a -2.42% session — next structural support is the 50-day MA near $97.50. Failure there opens a swift move to $95.00 prior swing low.

Drop of -2.42% pushes WTI below $100 psychological support; Gold +0.8% and equities rising signals risk rotation away from oil, not a demand surge.

Main risk

OPEC+ surprise output decision

Unscheduled OPEC+ cut or quota freeze can gap WTI back above $103 overnight, invalidating the break below $100.