Crude Oil (WTI)

Key insight

$91.18 holds above 50-day MA ($89.50) and $90 round number — break above $92.50 Oct swing high opens $95 target; failure at $90 flips structure bearish with $87 exposed.

Holds $91.18, up 0.81% — WTI trades above the key $90 round-number support and 50-day MA near $89.50, sustaining a constructive structure while gold sells off, signalling risk-on commodity rotation into energy.

Main risk

Global Demand Growth Slowdown

Softening PMI data in China and Europe threatens 2026 demand forecasts; a break below $90 would confirm weakening consumption narrative.