CL this push-up didn’t hold—OPEC+ voluntary production cuts are gradually being unwound, and expectations of a rate hike at the September meeting are being used to press down. China’s import data is weakening; the Europe and US driving season is nearing its end; and after EIA inventories have been falling continuously, they’ve started to turn upward. Above 80, there are nothing but trapped positions. In terms of the chart pattern, it’s a head-and-shoulders top: the right shoulder hasn’t broken above the previous high. I won’t chase longs. I’ll short the rebound at 78–80, with a stop loss at 81.5.

#TradFi晒单