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Trader Journals:::2026-06-13T02:08:17

CL/Crude Oil

CL Crude oil Analysis On four hour chart

CL/Crude Oil

On 4H chart WTI broke down hard. Green support at 87.23 held price since June 1. June 12 dump candle broke 87.23 green and dropped straight to 84.11 yellow support. That’s $3 drop in one candle.Blue 20 moving average on 4H is at 88.13. Price 84.28 is $4 below it sellers in control. Red resistance at 92.57 was May end high. Price wicked to 93.54 but got rejected. Bollinger Bands pointing down = bearish momentum. If 84.11 yellow holds and price closes above 87.23 green on 4H, then buyers can pullback to 88.13 blue MA. If 84.11 breaks with 4H close below, then next stop is 83.68 teal and 83.00 round level. H-1 Chart

CL/Crude Oil

1H chart shows the breakdown trend line rejection. Price was chopping between 93.54 red resistance and 90 early June. June 12 the dump candle broke white diagonal trendline + 87.23 green support + 87.15 red line all together. Price dropped from 87.23 to 84.28 yellow support. Blue 20 moving average on 1H is at 85.26. Price 84.28 is below it. Yellow support on 1H is 84.28 - it was support before, now being tested again. You can see price tried to reclaim 85.26 blue MA on June 13 but got rejected hard by trendline. So 1H is stuck between support 84.28 yellow and resistance 85.26 blue MA, 87.23 green. No trade in the middle. If 1H closes below 84.28 then sellers push to 83.86 teal. If 1H closes above 85.26 after holding 84.28, then buyers go for 87.23 green retest. 15 minute time frame

CL/Crude Oil

15m shows the exact dump + chop. Red resistance at 93.54. Price topped there June 11 and dumped to 84.11 yellow support. Then bounced to 85.04 green but got rejected. Price wicked down to 84.11 again June 13 and reversed. Now at 84.28.Blue 20 moving average on 15m is at 84.57. Price 84.28 is just below it. Red resistance is 85.04. Green resistance is 87.23. Yellow support is 84.11. Price is chopping between 84.11 yellow and 84.57 blue MA on 15m = no direction. 15m is trapped between support 84.11 yellow and resistance 84.57 blue MA. If 15m closes below 84.11 then price drops to 83.86 teal and 83.68 4H support. If 15m closes above 84.57 after bounce from support, then price moves to 85.04 red resistance. Trading plan Don’t long at 84.28 right at support with no confirmation. Don’t short in the middle between 84.11 and 85.26. Middle trading burns accounts.for selling setup wait for price to come to 85.26-87.23 resistance zone and show rejection. If 15m makes bearish candle and then 1H closes below 84.28 yellow and 4H fails at 87.23, then short with stop loss above 88.13. First target 83.68 on 4H. Second target 83.00 on 4H. If 83.00 breaks on 4H close then add more. For buying setup wait for price to come to 84.11 yellow support and show buying pressure. If 15m makes bullish candle and then 1H closes above 85.26 blue MA and 4H holds above 84.11, then buy with stop loss below 83.68. First target 85.26 on 1H. Second target 87.23 on H1. If 87.23 breaks on 4H close then add more for 88.13. Point to be noted resistance 84.57 15m blue, 85.26 1H blue, 85.04 15m red, 87.23 4H/H1 green, 88.13 4H blue, 92.57 4H red, 93.54 4H/H1/15m red Support: 84.28 current, 84.28 1H yellow, 84.11 4H/15m yellow, 83.86 1H teal, 83.68 4H teal, 83.36 1H teal, 83.00 4H
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