After being accumulated in a 9-month long trading range, CL1 finally showed signs of strength when it broke out of that range in late August. Since then it's come back to test resistance-turns-supports and then moved sideways within a 7% range.
A move above the current trading range high of $3.50 would move CL1 in the Markup phase with next clear resistance at its all-time high of $4.20.
A move above the current trading range high of $3.50 would move CL1 in the Markup phase with next clear resistance at its all-time high of $4.20.