CrudeOil: Daily Read | 2026-10-20

Crude Oil (WTI) is trading near $98.88, 0.4% higher on the day and holding in the upper half of its one-month range. The one-month average sits near $94.76, and price is above it, so that line is the pivot the two-way traffic keeps returning to. Momentum has firmed over the last two weeks, roughly 11.2% up, leaving the structure as a clean uptrend, price above both its one-month and longer averages. The levels that matter are $105.63 overhead, the past month’s swing high, about 6.8% above here, with $80.65 below as the shelf that has held, roughly 18.4% down; the $100.00 and $98.00 round numbers are the nearer handles. Zoom out and the last three months have ranged between $70.77 and $106.00, which frames the bigger picture. For now the tilt is bullish: a close above $105.63 would open room toward $107.63, while losing $80.65 would put $70.77 back in view.

Key levels: support $80.65 (18.4% below), resistance $105.63 (6.8% above), one-month average $94.76, three-month range $70.77 to $106.00.