Crude Oil (WTI)

Key insight

86.29 sits between 50-day MA breakdown and $84.50 key horizontal support — failure to reclaim $87.50 within 48h opens a move to $84.50 then $82.00 200-day MA.

Breaks below $87.50 50-day MA support on -1.45% session, with gold surging +1.9% signalling risk-off; USD softening provides only partial offset against demand-side weakness.

Main risk

OPEC+ surprise output decision

Unscheduled OPEC+ cut announcement could gap WTI back above $88 and invalidate the breakdown below the 50-day MA at $87.50.