Crude Oil (WTI)

Key insight

$95.29 trades below the 50-day MA — a close here opens $92 (100-day MA) as next downside target. Gold/oil divergence (+1.9% vs -6.9%) flags macro shock, not routine profit-taking.

-6.9% single-session crash to $95.29 breaks the $98 prior support floor and the 50-day MA, signalling supply-side pressure or demand-shock selling — gold's +1.9% surge confirms risk-off flight.

Main risk

OPEC+ surprise output decision

Unscheduled OPEC+ supply increase or compliance breakdown could accelerate selling toward the $88 200-day MA.