Crude Oil (WTI)
BullishArchived analysis from Sep 30, 2026, 1:59 PM
Key insight
$90 reclaimed on 1.57% surge — next technical resistance at $92.50 (Aug swing high). Hold above $89 confirms breakout; failure re-opens $86.80 200-day MA test.
+1.57% today lifts WTI to $90.17, reclaiming the $90 round-number pivot. Supply discipline from OPEC+ and a softer USD (EUR/USD 1.1362) support the move above key short-term resistance.
Main risk
China Demand Slowdown Risk
Weakening Chinese manufacturing PMI constrains crude demand outlook; a sustained miss below 50 targets $86.80 200-day MA.
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