🟢 CRUDE OIL
#CL | SHORT SQUEEZE ALERT 🛢️
💥 $82,600 in short positions liquidated at $100.89!
The bears just took a hit. A reported short liquidation at $100.89 signals that bearish traders faced pressure as crude oil pushed higher. Now the big question: can buyers extend the rally, or is a pullback approaching?
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🔥 BULLS HAVE THE MOMENTUM
If CL holds above $100 and buying pressure remains strong, the market could attempt another leg higher.
🎯 KEY LEVELS TO WATCH
- 🟢 $100.89 — Short-liquidation reference
- ⚔️ $101.70–$102.00 — Near-term resistance zone
- 🚀 $103.60 — Higher resistance to monitor
- 🔻 $99.40–$98.80 — Potential pullback zone
📊 MY MARKET CALL: BULLISH, BUT WATCH FOR VOLATILITY.
A sustained move above $101.70 would strengthen the bullish continuation scenario. Failure to hold the $100 area could invite profit-taking and a deeper retracement.
⚠️ Important: Short liquidations can fuel upside momentum, but they do not guarantee further gains. Crude oil is highly sensitive to geopolitical developments and supply disruptions.
Trade the price action, respect your risk limits, and never chase a spike blindly.
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