🚨 $CL — OIL COULD BE HEADING TOWARD $70. BUT ONE LEVEL MATTERS FIRST.
$CL is trading around $90.73, with the daily structure showing lower highs and weakening momentum.
⚡ MY VIEW:
$86.69 is the key level.
A confirmed breakdown and failed retest could open the way toward:
🎯 $77.78 — first target
🎯 $70.76–67.03 — extended downside zone
A sustained recovery above $92.97–96.84 would weaken this bearish scenario.
The breakdown hasn't happened yet — but this is the level I'm watching for the next major move.
🔥 BREAKDOWN TOWARD $70 OR RECOVERY ABOVE $96?
$CL
#crudeoil #OilTrading
$CL is trading around $90.73, with the daily structure showing lower highs and weakening momentum.
⚡ MY VIEW:
$86.69 is the key level.
A confirmed breakdown and failed retest could open the way toward:
🎯 $77.78 — first target
🎯 $70.76–67.03 — extended downside zone
A sustained recovery above $92.97–96.84 would weaken this bearish scenario.
The breakdown hasn't happened yet — but this is the level I'm watching for the next major move.
🔥 BREAKDOWN TOWARD $70 OR RECOVERY ABOVE $96?
$CL
#crudeoil #OilTrading