On the utility of lagging indicators for $CL

I'm finding it increasingly difficult to give much weight to traditional lagging indicators when analyzing Crude Oil futures, especially with how quickly the geopolitical landscape can shift; price action around levels like the recent 68.25-70.18 range seems to be a far more reliable guide than any moving average. Am I missing something fundamental, or is anyone else finding that price action is paramount right now? Push back on this if you've got a different read.