$CL — Approximately $5.27K in short liquidations occurred near $104.33, indicating that bearish positions were forced to close. The next move depends on whether buyers can sustain the squeeze or price returns to a previous liquidity area. Look for a clean structure break, strong volume, and a potential fair value gap retest before treating this as a continuation setup.
Support: $103.00–$103.80
Resistance: $105.00–$106.00
Next Target: $107.00–$108.50
Confirmation: Holding above $104.33 and breaking $106.00 could favor a push toward the next upside liquidity zone. A loss of $103.00 would put the bullish scenario at risk.
Trade the setup, not the emotion. Let's go $CL 🚀
Support: $103.00–$103.80
Resistance: $105.00–$106.00
Next Target: $107.00–$108.50
Confirmation: Holding above $104.33 and breaking $106.00 could favor a push toward the next upside liquidity zone. A loss of $103.00 would put the bullish scenario at risk.
Trade the setup, not the emotion. Let's go $CL 🚀