WTI Light Sweet Crude Oil, DAILY Market Analysis 10/26/22

For Wednesday, 81.89 can contain session weakness, 85.07 in reach and able to contain session strength. Pushing/opening above 85.07 allows 88.47 intraday, while closing today above 85.07 indicates 90.00 within 2-3 days, where the market can top out through next week, and the level to settle above for yielding the more meaningful 97.57 - 98.96 area within 1-2 more weeks. Downside Wednesday, closing below 81.89 signals 77.94 longer-term support within 2-3 days, able to contain selling through November, and above which the 97.57-98.96 region is attainable over that time horizon.