$CL just flushed $13.74K in long positions near $99.77, showing strong selling pressure as leveraged bulls get forced out.
📍 Support: $98.50
🚧 Resistance: $101.50
🎯 Next Target: $96.00
Holding $98.50 could spark a rebound toward $101.50. A clean breakdown below support may push $CL toward $96.00.
💡 Pro Tip: Watch $98.50 closely for buyer defense. Strong selling below this level could extend the downside.
Manage risk and wait for confirmation.
$CL #USAugustPPIRisesLessThanExpected #SECApprovesNasdaqTexasCommodityTrustRule #ECBRaisesRatesSecondTimeTo2.5% #USContinuingJoblessClaims1.774M #USAugustPPIYoYRisesTo5.4%
📍 Support: $98.50
🚧 Resistance: $101.50
🎯 Next Target: $96.00
Holding $98.50 could spark a rebound toward $101.50. A clean breakdown below support may push $CL toward $96.00.
💡 Pro Tip: Watch $98.50 closely for buyer defense. Strong selling below this level could extend the downside.
Manage risk and wait for confirmation.
$CL #USAugustPPIRisesLessThanExpected #SECApprovesNasdaqTexasCommodityTrustRule #ECBRaisesRatesSecondTimeTo2.5% #USContinuingJoblessClaims1.774M #USAugustPPIYoYRisesTo5.4%