Thoughts on $CL and the 68.00-68.20 area

Been watching crude ($CL) pretty closely over the last few sessions, and that 68.00-68.20 zone is looking pivotal, or at least it feels like it. We've seen it act as support and resistance a few times now on the daily. Today's early action bouncing off 68.17 (current is 68.45) again reinforces that it's a level people are paying attention to.

My take is that a sustained break below 68.00 on a daily close would open up some downside toward the low 60s pretty quickly. On the flip side, holding this area and getting a push back over 69.00-69.15 (today's high 69.15) could see us retest 70 and potentially higher. The risk here, as always, is that geopolitical noise or an unexpected inventory report just blows through technicals. So, while I'm watching this range, I'm not getting too comfortable either way until we see some clear conviction break. The options market seems a bit muted on vol, which suggests many are waiting for a catalyst.