The long liquidation around $84.44 on $CL suggests a wave of leveraged long positions has been cleared, giving the market a chance to reset. I'm not looking to catch the first rebound. I want to see price stabilize around this area and attract steady buying volume before considering an entry. If buyers defend the current support and momentum returns, the chart could extend toward the next resistance levels. If sellers continue pushing below support, I'll wait for a cleaner structure instead of forcing a trade.
EP: $84.20–$84.70
TP: $86.20 | $88.00 | $90.50
SL: $82.80