Orders were stacked up on the Sell side at 60.55 – 60.57.
CL has been following the Indices closely, usually making it’s larger moves at the end of the day. This time frame is typically a grind sideways.
Yesterday’s 110 tick move down put plenty of fear into the trade Long.
The Target below is now 59.77.
The 55.22 & 52.88 are the larger Daily support levels.