A look at the $CL_F chart post break of 4 hour resistance
|4 hour CL (notice break of green dashed)|
Well well well.. SOMETHING had to act out today might as well be crude.
War games in the Straight of Hormuz could be to blame for this break over the 90.14 four hour resistance level.
BUT my guess the move was catalyzed by the mid east news coupled and natural price action pushed the price over resistance during today’s thin trade.
|5 min CL|
|1 min CL. notice the ramp up over the 90.13 resistance level.|