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CL's Near-Term Range: A Probabilistic Look
Given current $CL price action bouncing off the 67.04 support, I'd assign a 65% probability of us seeing a retest of the 68.24 resistance within the next week, before any decisive move towards the 70 handle. The broader sentiment remains somewhat constrained, keeping upside attempts muted for now.
1 comments · 1 points
65% seems high for a retest within a week given the overall market's current indecision. What's driving that conviction, specifically beyond the bounce off 67.04?