WTI swung from -8% to +2.3% in one day, rising from 86.69 to 91.12—the gain was driven by a tanker fire in the Strait of Hormuz, not demand. The second push toward 91 was rejected; it closed at 90.63, with the rebound stalling right at the 38.2% retracement level of 90.7.
Short from 91, now at 90.71, +0.3%, stop at 91.60.
Conservative: If a bounce to 91.9 fails, take a small short; stop 92.6, target 90.0.
Aggressive: If the 1H candle closes below 89.9, go short; stop 90.8, target 88.8.
Invalidation: A 1H close above 92.0 invalidates the bearish view; target 93.4.
$CL #CrudeOil
Short from 91, now at 90.71, +0.3%, stop at 91.60.
Conservative: If a bounce to 91.9 fails, take a small short; stop 92.6, target 90.0.
Aggressive: If the 1H candle closes below 89.9, go short; stop 90.8, target 88.8.
Invalidation: A 1H close above 92.0 invalidates the bearish view; target 93.4.
$CL #CrudeOil