Thoughts on $CL and the 71.17 level

Been watching $CL this morning, and that 71.17 high from today's session is looking pretty critical. If we can get a sustained break and hold above it, I think there's a good chance we see some further upside momentum. It felt like it was struggling to push through that area, which isn't surprising given the run it's had.

Conversely, if it pulls back sharply from here and fails to reclaim that 70.79 area, then it might suggest the move up is losing steam for now. My read is we could see a retest of the lower end of today's range around 69.32 if 70.79 doesn't hold. Just my two cents, always room to be wrong on these things.