Crude Oil (WTI)

Key insight

90.47 sits between 200-day MA support at 88.50 and the 92.00 swing resistance — break above 92.00 opens a run to 95.00; failure re-tests 88.50 fast.

90.47 holds above the 200-day MA near 88.50 — broad risk-on Monday with equities and gold both rallying confirms demand-side support for crude.

Main risk

OPEC+ supply policy reversal

Unexpected output increase by OPEC+ would pressure WTI below 88.50 200-day MA and open a swift drop toward 85.00.