$CL Watch the short side. The current price has shown clear resistance in the 79.13 to 79.24 range; it may continue to be rejected and pull back. From the chart, the 4-hour short structure is still intact, and the daily timeframe as a whole is still range-bound. The 15-minute RSI is around 56 right now, giving the bears room to push downward. Also, the 15-minute volume has directly expanded by 4x, and sell orders are indeed coming in. For entry, look at the 79.13 to 79.24 range. The first downside target is around 78.79, with further levels at 78.53 and 78.15. For defense, you can set it around 79.7. High-leverage contracts are volatile—watch the risk and don’t go in too heavily.

CL0.35%
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