$CL Keep an eye on the short direction. The current price is getting blocked and pulling back in the 79.15 to 79.34 range, and the 4-hour short structure is still there. The daily chart is still ranging and consolidating as well. On the 15-minute chart, the RSI is around 58, and the short “army” may still have room to keep pushing lower. Also, the 15-minute timeframe has clearly seen increased volume, and the sell-side momentum looks fairly genuine.

If you’re looking to go short around this level, watch the supports around 78.56, 78.11, and even near 77.43. The defensive level is roughly above 80.16. Everyone, remember to control your position size—high leverage comes with risk, so don’t go too heavy chasing.