$CL is empty; this rebound is just a dead-money drift because the large orders are absent. The money never planned to sit at this price level. Spot large orders show net inflow—yet the entire segment is still flat at zero; there’s not a single positive number to speak of. The bulls have been shouting about the price all day, but not a single cent of real, hard cash has been put on the table. The moving averages are capped overhead, and the four-hour trend has been trending downward all the way. The bears don’t even need to look for reasons to hesitate.