Crude Oil (WTI)

Key insight

$96.80 breaches the $100 round number and 50-day MA in one session — next structural support is the 200-day MA near $93.50. Gold +1.8% and silver +3.6% confirm macro stress, not supply relief.

-5.43% single-day crash pulls WTI to $96.80, breaking the $100 psychological floor and the 50-day MA near $99.50 — sellers are in control with gold and silver surging, flagging risk-off demand shock fears.

Main risk

Demand shock / global recession signal

Gold and equities diverging from oil signals demand destruction, not supply glut. Break of $93.50 (200-day MA) opens $88 and below.