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WTI and Brent crude oil prices test key support levels amid weak US jobs data and Iran tensions.

Technical Signals
02 Oct 2026
FXEmpire
View Source
Neutral
WTI and Brent crude oil prices test key support levels amid weak US jobs data and Iran tensions.

WTI crude oil prices have fallen to test a major support zone around $90, the 50-day EMA, and an ascending trendline, indicating potential volatility ahead. The decline is partly driven by weak US jobs data suggesting lower demand, while geopolitical risks around the Strait of Hormuz continue to influence the market. Brent crude is also retreating below $100, approaching support near $95 and its 50-day EMA, with buying opportunities seen on dips. However, uncertainty remains high going into the weekend, with possible headline risks affecting crude oil prices further.

Oil price movements provide context for market sentiment. For readers following US stocks on Pluang, here is the market snapshot as of Oct 02, 2026 21:21 WIB: out of 150 priced US stocks, 100 rose and 49 fell. Notable movers include NKE at USD 33.34 with a 1-day change of -5.15% and Pluang order activity showing 39% Sell / 61% Buy, FCX at USD 72.86 with +5.14% change and 14% Sell / 86% Buy, and ASX at USD 46.93 with +4.92% change and 84% Sell / 16% Buy.

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