Technicals: Week 38

Tuesday, September 29, 2026. CRUDE OIL TECHNICALS: WTI 92.36-93.85 mid-$90s (mixed short-term trend, cautious recovery post-volatility). Support: daily pivot 92.50-92.90, 91-89.66, 88 (7-month resistance turned support), 87-85. Resistance: daily R1 94.28-94.91 (breakout threshold), R2 96.14 (prior high), R3 97.52, extensions 99-99.69, higher 102+. Patterns: bull flag 4H with breakout potential 99.69+. Price breaking above corrective bearish channel, testing daily pivots. Holding above 88 multi-month barrier. Indicators: MACD bullish pressure rising positive territory, RSI(14) neutral-rising (42-55 range, source variance), MAs mixed (bullish bias longer-term SMAs/EMAs, sell signals shorter). Scenarios: Bullish sustained hold 94-94.91 target 96.14-97.52 then 99.69-107 (Fib extensions). Bearish failure below 92.50-92.90 or breakdown 88-91 target 89.72, 88.25, lower 87-85. NATURAL GAS: Henry Hub 3.14/MMBtu (Sep 29 +0.98%), NYMEX 3.135, earlier Sep 22 spot 2.90, 2026 range Jan 30.72 high, recent 2.90-3.14, long-term avg 3.26. Setup: above 3.05 target 3.20-3.30 resistance. Below 2.95, 2.85 support test likely weakness. Hold 2.80 baseline pivot. BRENT TECHNICALS: 98.50-103 range (Sep 28-29). Resistance: 100 psychological/major shelf (break targets further), 101.50 H&S neckline critical short-term (break 105-106), 105-106 confirmed breakout above 101.50, 107-108/110 Fib/prior, 113-114 long-term. Support: 97.50-98.50 (50% Fib/pivot, break accelerates), 95-97 (20-day MA, defensive), 92-93 (trendline/38.2%, major, breakdown lower), 90/87-89 (downside targets), 85+ (200-MA/61.8%, deeper correction). Indicators: MAs strong buy longer-term, oscillators neutral-mixed with sell pressure. Pivots: 102.82/S1 100.17/S2 97.55/R1 105.44. WTI consolidating 92 support, HH tested 3.00+, Brent neutral-mixed. Technicals consolidation post-volatility, chart levels key, risk management paramount.

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