$CL USOIL opened with a gap down and reacted strongly from the 90 region, which still looks like a very important level in my opinion.

Now I’m watching for price to trade back through the gap.
If momentum continues building, I think oil could eventually retest the 101 area again.

The market is reacting heavily to headlines around a possible US-Iran deal and easing tensions around the Strait of Hormuz, which pushed oil lower as traders expect supply pressure to ease.

But honestly, in my opinion, a lot of this move feels news-driven.
Even during periods of conflict and shipping disruptions, oil exports continued flowing through the region, showing how sensitive crude markets are to sentiment and geopolitical narratives.

For now, I’m focused on price action and key levels rather than emotions.

#PostonTradFi #TradFi #commodities

CL
CLUSDT
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