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$CL's recent pump, the most interesting part isn't the gain itself, but how it first shook off a group of people. Many saw the earlier back-and-forth and thought it was over, but after the move from 70.08 to 72.35, the feedback has reached +305.29%, and the chart gave the answer directly.
What I was watching was that kind of low-level support in CL — can't be smashed down, can't drop deep, and the bounce has people following. This kind of position is most likely to make people doubt and easiest to grind out the impatient. To be honest, I almost got shaken off too.
The real change came after a quick dip; the price didn't continue to spiral out of control but quickly recovered. This detail is more important than a big green candle because it shows the bears are not as tough as imagined.
There's no need to get overly excited now. The profit has materialized, so first make it safe. For the remaining position, I'll continue to watch the rhythm. If it doesn't break the key zone, give it time; if the rhythm breaks, don't linger, and wait for the next opportunity.
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