Crude Oil (WTI)

Key insight

$83.71 breaks below $85 round support — 50-day MA near $84.50 now flipped resistance; next meaningful floor is the $82.00 prior swing low. Sustained close under $84 tilts short-term bias firmly bearish.

Drop of -2.23% to $83.71 pushes WTI below the $85 round-number support, with broad risk-off across commodities (Gold -2.1%, Silver -3.0%) amplifying selling pressure.

Main risk

OPEC+ supply-cut compliance risk

Any signal of quota cheating or output increase from OPEC+ members removes the supply floor, accelerating a move toward $78–$80 support.