$CL 1H closed at 87.59, below 87.68. Two attempts to push up to 88.15 failed to hold, then heavy volume drove it back down.
Iran says the Strait is closed and a tanker hit a mine, but oil prices fell instead of rising—the geopolitical card failed.
Conservative: Only if the 1H candle closes back above 87.98 would this count as a false breakdown; watch 88.15.
Aggressive: Try going long if 87.48 holds; stop at 86.74.
Invalidation: Exit if the 1H candle closes below 87.48.
$CL #CrudeOil
Iran says the Strait is closed and a tanker hit a mine, but oil prices fell instead of rising—the geopolitical card failed.
Conservative: Only if the 1H candle closes back above 87.98 would this count as a false breakdown; watch 88.15.
Aggressive: Try going long if 87.48 holds; stop at 86.74.
Invalidation: Exit if the 1H candle closes below 87.48.
$CL #CrudeOil