$CL ‌ Brothers, CL crude oil surged nearly 4.4% in the past 24 hours. The situation between Iran and the U.S. has fully inflamed bullish sentiment—both the 4-hour and daily charts have broken through the upper Bollinger Band across the board, which is a typical case of geography-driven forced short squeeze.

When good news is flying—such as an explosion involving a tanker in the Strait of Hormuz, Cushing inventory dropping below 20 million barrels, and supply in the strait becoming urgently tight—this is often exactly the sharp knife that targets chase-buy retail traders. The war premium comes fast and disappears fast—watch out for bullish capitulation and needle-like shakeouts at high levels.
In the short term, the ceiling resistance above is tightly watching the daily heavy pressure around 83.15. The floor support below is around 80.00 - 80.50.