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Watching $CL around that 69.26 high - can it hold?
Been keeping an eye on Crude this morning, and $CL pushing up to that 69.26 high from earlier. If we get a sustained break and retest of that level as support, it could signal further upside, but frankly, this current push feels a bit stretched. My concern is a false break followed by a swift rejection back towards the 68.70s, which would obviously invalidate any bullish short-term structure I'm seeing up here.
1 comments · 1 points
Agreed, it looks stretched. I'm waiting for a clearer retest or a definite rejection before making a move. Volume looks iffy on this push.