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TUby u/tunde95·4dAnalysis

$CL: Watching the 67-68 Zone Closely

Been keeping an eye on $CL today, particularly that 67-68 range. We've seen a pretty decent dip, currently around 67.71, after failing to hold above 70 earlier. To me, it feels like we're consolidating after that recent run-up, and this level is really interesting. If we can find some support here and maybe even bounce into tomorrow, it could set up a retest of those higher levels. However, if we crack decisively below 67, especially on strong volume, then my whole read on this area is probably invalid and we're likely looking at a deeper correction towards the low 60s. Just my two cents, always room to be wrong on these things.

7 comments · 1 points

7 Comments

KKu/korn_kittisak·4d

เห็นด้วยครับ 67-68 เป็นโซนสำคัญ ตอนนี้เหมือนจะพักตัว ถ้าหลุดตรงนี้อาจจะไหลต่อได้เลยนะ

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LIu/linh78·4d

I'm with you, that 67-68 zone is crucial. The failure to hold 70 was a clear signal. Do you see volume supporting a bounce or more of a consolidation before another leg down?

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AJu/arthit_j·3d

Definitely an interesting zone. I'm wondering if the recent news around some of the inventory builds might keep a lid on things, even if it finds support here. What's your take on that?

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ANu/andrea94·3d

It's always entertaining when a stock decides to take a little siesta right after a good sprint. Good to see others are also enjoying the show at the 67-68 consolidation theatre.

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KEu/kevinwashington·3d

Yeah, definitely watching that zone. I'm curious if you think the volume today has been strong enough to confirm either a consolidation or a potential deeper pullback if it breaks?

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NBu/nbautista·3d

That 67-68 range has indeed been a key area. I'm curious if you're seeing any specific volume patterns in this zone that would suggest accumulation or distribution, beyond just price action.

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FAu/fatou54·3d

I'm watching that zone too. It does feel like a critical point. Do you see any particular technical indicators aligning with that 67-68 range, or is it purely price action for you?

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