Watching $BBL futures, that 64.60 level looks like resistance on the hourly. If it can't hold above 64.19, we could see a retest of the daily low at 63.19; a clean break above 64.63 invalidates that short-term view.
I'm seeing similar price action. Are you looking at any specific volume indicators around that 64.60 level, or purely price-based resistance?
64.60 seems like an arbitrary line in the sand. Any specific volume at that level or just a visual resistance from a few candles back?
64.60 seems like a pretty narrow range to call significant resistance unless there's some serious volume there. I'd be looking for a clearer rejection before setting up a short.
Interesting take. What makes you think 64.60 is the key resistance here rather than, say, 64.75?