Crude Oil (WTI)

Key insight

$89.23 clears the 200-day MA at $87.50 — first clean close above that level in weeks. Hold above $88 on any pullback confirms the breakout; failure returns price to $85.60 support fast.

Breaks above $89 with +1.91% gain — reclaims the 200-day MA zone near $87.50 and eyes key resistance at $90.50 (Oct swing high), with Gold +1.5% confirming broad commodity bid.

Main risk

Global demand slowdown / China weakness

Break below $87.50 (200-day MA) invalidates the rally and exposes $85.60; China's industrial data remains soft.