$CL experienced a $7.9951K long liquidation at $94.83, showing that leveraged buyers faced pressure near this price. The market now needs to defend the nearby demand zone to prevent another bearish move.
Support: $93.50 – $92.00
Resistance: $96.00 – $98.00
Next Target: $100.00
A successful recovery above $96.00 could attract fresh buying interest. However, losing $92.00 may expose the market to deeper weakness. Volume confirmation will be important before considering a bullish reversal.
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