CL 87.25 has fallen below the 10-06 low of 86.88, wiping out the entire war premium. The 86.9 target has been hit, but tankers in the Strait of Hormuz are still under attack, and Iran says the US response is unacceptable. After dropping 2.6 daily ATRs, chasing shorts below 87 risks catching a falling knife.
Conservative: If a rebound to 88.6 fails, take a small short; stop 89.9; targets 87.0/86.1
Aggressive: Short on a break below 86.83; stop 87.9; targets 86.1/85.6
Invalidation: A 1H close back above 89.9 invalidates shorts; look toward 91/92.5
0.01 lots ≈ 0.87U; at 20x leverage, about 0.04U
$CL $CLUSDT #CrudeOil
Conservative: If a rebound to 88.6 fails, take a small short; stop 89.9; targets 87.0/86.1
Aggressive: Short on a break below 86.83; stop 87.9; targets 86.1/85.6
Invalidation: A 1H close back above 89.9 invalidates shorts; look toward 91/92.5
0.01 lots ≈ 0.87U; at 20x leverage, about 0.04U
$CL $CLUSDT #CrudeOil