Daily To M30 #CL
Top Down Analysis— As on 10/09/2026 #CL Daily: Open 104.32 High 104.41 Low 103.61 Close 104.21 Current 104.21 Range 0.80 Close near high after breakout above 96.52 and 92.20 dashed levels. #CL M30: Open 103.84 High 104.33 Low 103.70 Close 104.26 Current 104.26 Range 0.63 Close near high after continuation. Daily chart range 69.70 bottom to 111.80 top 42.10 points, price 104.21 sitting just below gray line 104.51 resistance 0.30 below and above blue MA 83.70 and red MA 80.20 bullish crossover. M30 range 91.80 bottom to 104.45 top 12.65 points, price 104.26 sitting at top near gray line 104.45 top 0.19 below and above purple MA 98.90 and yellow MA 94.95 bullish alignment. Overall Direction Daily: Strong uptrend Jun 29 low 68.00 to Sep 8 high 104.21 +36.21 bullish 53% surge, then downtrend May 14 high 108.30 to Jun 29 low 68.00 -40.30 bearish previous correction, now uptrend Jun 29 low 68.00 to Sep 8 high 104.21 +36.21 bullish breakout current. Structure higher highs 68.00 low Jun 29 to 80.20 red MA to 96.52 dashed to 104.21 high higher highs bullish long term, higher lows 68.00 low Jun 29 to 76.70 low Jul 31 to 80.20 Sep 3 higher lows +12.20 bullish. M30 structure higher highs 93.50 Sep 8 to 96.40 Sep 10 to 104.26 Sep 10 higher highs +10.76 bullish, higher lows 93.50 to 95.25 to 98.90 to 102.15 higher lows bullish BOS Bullish Sep 10 10:30 long teal candle 96.40 to 99.85 +3.45 bullish displacement. So Overall Direction Daily and M30 bullish alignment long term bullish while above 80.20 red MA and above 68.00 low major Sell-Side Liquidity, bullish short term while above 96.52 and 92.20.
Recent Fundamental Facts — Main Power Of The Oil Price Fundamental Driving WTI Sweet Light Crude Main power of the oil price fundamental is not technical — it is war premium and supply disruption fear in Strait of Hormuz and Red Sea, that is why WTI jumped from $87.06 September close low to $100.15 high Sep 10 +13.09 +15% eight consecutive bullish sessions gaining 19% during period longest winning streak since nine-day stretch Sep 6 2023 according to Dow Jones Market Data and FactSet, despite energy sector trading lower fifth trading day in 2026 that oil rose 3% or more and energy sector fell divergence last happened prior 2022 — that divergence itself is fundamental warning. Recent facts Sep 10 2026: WTI futures gained 3.4% to $99.28 Earlier Brent passed $105 a barrel WTI futures hit $100 per barrel first time four months WTI climbing 4.3% to $100.15 soared 20.1% amid eight-day win streak. Brent crude rose 0.8% to $102 a barrel while WTI futures up 1.4% to $97.38 OPEC and IEA will release monthly oil reports this week. Brent held firm Thursday after breaching $100 Brent 0.1% to $101.34 by 0107 GMT WTI at $96.55 up 0.5% Iran said Wednesday attacked 10 ships near Strait of Hormuz after US sank five Iranian oil tankers — traffic dropped from 125 ships to 10 ships — Strait is 21% of global oil flow. Brent settles up 3.4% at $101.21 WTI rises 3.2% to $96.05 highest since May 22 as strikes between US and Iran escalate and Houthis step up attacks on Saudi oil facilities. Brent nears $100 first time since July fresh Middle East strikes raise supply risks Brent 1.3% to $99.22 WTI up 1.2% at $94.13. Global oil hits $108 per barrel while bond yields surge Brent $108 first time since May traders brace prolonged supply shock Iran war. North Sea dated crude — benchmark for physical on-the-spot costs reported by Argus Media — hit $120 a barrel Thursday highest since US-Iran fighting flared April cost of short-term supplies surging. Brent rose as much as 3% to session high $100.95 breaching symbolic level first time since July 24 after Iran fired ballistic missiles at US base in Jordan both sides claimed attacked vessels. US oil futures surge toward longest win streak in 3 years WTI above $100 first time four months. So fundamental driver breakdown: Supply side 70% power — Strait of Hormuz 10 ships attacked, Red Sea Houthi attacks on Saudi facilities, US sinking five Iranian oil tankers, Iran ballistic missiles at US base Jordan — all tighten 2-3 million bpd risk. Demand side 15% power — bond yields surge while oil surges 5-day change +6.58 +8.10% Barchart Sep 26 futures but economy warning WSJ Oil Market Flashing New Warning Signs for Economy Brent $107.63 pressuring stock and bond markets worldwide. Technical positioning 15% power — eight-day win streak 19% gain short covering after Sell-Side Liquidity sweep at $87.06 WTI September close low. That is why crude sweet light oil is bullish despite traditional indicators — fundamental war premium is main power.
Daily MARKETTREND — Long Term Direction First Daily uptrend Jun 29 low 68.00 to Sep 8 high 104.21 +36.21 bullish displacement blue and red candles Jul 9 to Sep 8, blue MA 68.00 to 83.70 sloping up bullish, red MA 69.70 to 80.20 sloping up bullish, blue above red bullish crossover Aug 12 bullish signal, price above both blue and red long term bullish and above dashed teal 92.20 and 96.52 short term bullish breakout — bullish alignment. Daily MACD 4.715 2.771 bullish above signal 2.771 bullish histogram blue rising from -6.959 low Jun 29 to +5.271 high Sep 8 bullish momentum shift strong. Bias Daily: Bullish long term while above 80.20 red MA and above 83.70 blue MA and above 92.20 dashed and above 96.52 dashed and above 68.00 low Jun 29 major SSL, bearish short term risk while below 104.51 gray line 0.30 above and below 108.30 high May 14 main BSL second 4.09 above and below 111.80 screen top 7.59 above.
Daily Liquidity Sweep — External Sell-Side Raid At Bottom Before Rally Daily Sell-Side Liquidity sweep at 68.00 low Jun 29 low swept Jun 29 lower wick to 68.00 then pump to 104.21 +36.21 confirming SSL raid — long lower wick at 68.00 before uptrend Jun 29 to Sep 8 +36.21 bullish displacement huge bullish engulfing confirming external SSL sweep completed. This is main low side liquidity raid where sell stops below 68.00 taken before fundamental war premium started. Buy-Side Liquidity target after SSL sweep is now 104.51 gray line immediate 0.30 above current and 108.30 high May 14 second 4.09 above and 111.80 screen top third main BSL top 7.59 above and 120 psychological fourth. Current daily candle blue body 103.61 to 104.21 +0.60 bullish with small upper wick at 104.41 close near high — buyers control daily. Resistance Daily: 104.21 current first, 104.51 gray line second 0.30 above immediate, 108.30 high May 14 third 4.09 above main BSL second, 111.80 screen top fourth 7.59 above main BSL top, 120 fifth, 125 sixth. Support Daily: 103.61 low today first 0.60 below, 96.52 dashed teal second 7.69 below, 92.20 dashed teal third 12.01 below, 83.70 blue MA fourth 20.51 below, 80.20 red MA fifth 24.01 below, 68.00 low Jun 29 sixth 36.21 below major SSL.
Daily Supply & Demand — Institutional Zones Daily supply 104.51 to 111.80 where sellers may defend May 14 high 108.30 to Sep 8 high 104.21 breakout zone unmitigated supply? Actually 104.51 gray line immediate resistance where sellers defended May 14 high 108.30 to Jun 29 low 68.00 -40.30 bearish displacement prior supply now being tested. Daily demand 68.00 to 80.20 where buyers defended Jun 29 low 68.00 to Jul 31 low 76.70 +8.70 bullish strong demand major, and 80.20 to 83.70 zone where buyers defended Jul 31 low to Sep 3 low +3.50 bullish, and 92.20 to 96.52 zone where buyers defended Sep 3 low 94.20 to 96.52 dashed +2.32 bullish, and 96.52 to 104.21 zone where buyers now defending current high Sep 8 long blue candle 96.52 to 104.21 +7.69 bullish immediate demand. Bullish Fair Value Gap Daily 92.20 to 96.52 gap 4.32 points support immediate, 96.52 to 104.21 gap 7.69 points support immediate. Bearish Fair Value Gap Daily 104.51 to 108.30 gap 3.79 points resistance major.
M30 MARKETTREND — Lower Timeframe Structure Reading M30 uptrend Sep 8 low 93.50 to Sep 10 22:30 high 104.26 +10.76 bullish displacement teal candles Sep 8 to Sep 10, purple MA 93.50 to 98.90 sloping up bullish, yellow MA 92.95 to 94.95 sloping up bullish, purple above yellow bullish crossover Sep 9 17:00 bullish signal, price above both purple and yellow bullish and above gray line? Actually price 104.26 at top near 104.45 top 0.19 below. Structure M30: Higher highs 93.50 Sep 8 to 95.25 Sep 9 13:30 to 96.40 Sep 10 02:30 to 98.90 Sep 10 10:30 to 102.15 Sep 10 14:30 to 104.26 Sep 10 22:30 higher highs +10.76 bullish, higher lows 93.50 to 94.10 to 95.25 to 96.40 to 98.90 to 102.15 higher lows bullish — BOS Bullish confirmed Sep 10 10:30 long teal candle 96.40 to 99.85 +3.45 bullish displacement, and Sep 10 14:30 long teal candle 102.15 to 103.30 +1.15 bullish. M30 MACD 1.551 1.486 bullish above signal 1.486 bullish histogram white rising from -0.374 low Sep 9 05:00 to +1.656 high Sep 10 22:30 bullish momentum shift, Volume 322 low Sep 8 to 2580 high Sep 10 14:30 green volume spike at 99.85-102.15 breakout volume confirms bullish continuation fundamental driven. Bias M30: Bullish while above 98.90 purple MA and above 94.95 yellow MA and above 103.70 low M30 immediate support, bearish short term risk while below 104.45 top decision.
M30 Liquidity Sweep — Internal Double Sweep Logic Internal Sell-Side sweep at 93.50 low Sep 8 low swept Sep 8 lower wick to 93.50 then pump to 104.26 +10.76 confirming SSL raid — sell stops below 93.50 taken before uptrend fundamental. Internal Buy-Side sweep at 104.26 high Sep 10 22:30 high swept upper wick to 104.45 then? Actually price closed near high 104.26 close near high after continuation — no rejection yet — BSL not yet swept, BSL target remains 104.45 gray line top immediate and 108.30 May 14 high and 111.80 screen top. Double sweep incomplete — sell side hunted at 93.50 then buy side now being hunted at 104.45 — now expansion up toward 108.30-111.80 if war continues. Current price 104.26 sitting at high previous resistance 104.45 top decision — need close above 104.45 for bullish continuation to 108.30.
M30 Supply & Demand — Intraday Order Blocks Supply immediate 104.45 to 111.80 where sellers may defend May 14 high 108.30 to Daily 104.21 breakout zone unmitigated supply major 7.35 points potential. Demand immediate 102.15 to 104.26 where buyers defended Sep 10 14:30 low to current high +2.11 bullish strong demand major, and 99.85 to 102.15 zone where buyers defended Sep 10 10:30 low to Sep 10 14:30 high +2.30 bullish, and 96.40 to 99.85 zone where buyers defended Sep 10 02:30 low to Sep 10 10:30 high +3.45 bullish, and 93.50 to 96.40 zone where buyers defended Sep 8 low to Sep 10 02:30 low +2.90 bullish major demand. Current 104.26 above demand 93.50 bullish hold but below supply 108.30 bearish — compression at top of uptrend.
Multi Timeframe Alignment — Daily Bullish vs M30 Bullish Confluence Reading top down: Daily bullish after external SSL sweep at 68.00 low Jun 29 +36.21 bullish displacement, price above blue MA 83.70 and red MA 80.20 long term bullish. M30 bullish same direction after internal SSL sweep at 93.50 low — bullish alignment Daily and M30 both bullish — confluence bullish, higher probability for continuation up than counter trend bearish, especially because fundamental driver war premium still active — Strait of Hormuz 10 ships attacked, Red Sea, Houthis, US sank five Iranian tankers, ballistic missiles at US base Jordan. Daily wants to buy dips to 80.20 red MA and 92.20 dashed and 96.52 dashed and 68.00 low SSL, M30 wants to buy dips to 98.90 purple MA and 94.95 yellow MA and 93.50 low SSL — same direction bullish. Key: Daily 104.51 gray line — if Daily closes above 104.51, bullish expands to 108.30 May 14 high +4.09 and 111.80 screen top +7.59 and 120 North Sea dated. If closes below 96.52, bearish correction to 92.20.
Resistance — Structural Multi Timeframe Resistance Daily 104.51 gray line second 0.30 above current 104.21, 108.30 high May 14 third 4.09 above, 111.80 screen top fourth 7.59 above, 120 fifth, 125 sixth. M30 resistance 104.45 gray line top 0.19 above current 104.26, 108.30 second 4.04 above M30, 111.80 third 7.54 above M30. Current at resistance cluster 104.45-104.51 — need close above for breakout bullish to 108-111.
Demand Zone — Retracement Support Demand 103.61 low today first 0.60 below Daily, 103.70 low M30 first 0.56 below M30, 102.15 second 2.11 below M30, 99.85 third 4.41 below, 98.90 purple MA fourth 5.36 below M30, 96.52 dashed fifth 7.69 below Daily, 94.95 yellow MA sixth 9.31 below M30, 92.20 seventh 12.01 below Daily, 83.70 eighth 20.51 below Daily, 80.20 ninth 24.01 below Daily, 68.00 tenth 36.21 below Daily major SSL. Current price above immediate demand bullish hold but below 104.51 resistance small compression decision at top.
Bearish Continuation Scenario — Correction After Eight-Day Win Streak Bearish if Daily closes below 96.52 dashed teal and below 92.20 dashed with red volume expansion and MACD bearish below 2.771 signal histogram falling below zero after uptrend +36.21 and M30 closes below 98.90 purple MA and below 94.95 yellow MA with red volume expansion 2580 high Sep 10 14:30 and MACD bearish below 1.486. Then targets 103.61 low today first 0.60 pullback, 96.52 second 7.69, 92.20 third 12.01, 83.70 fourth 20.51, 80.20 fifth 24.01, 68.00 sixth major SSL 36.21. Sell setup: Sell near 104.45 to 108.30 supply block with bearish engulfing long upper wick like May 14 high 108.30 top, stop above 111.80 screen top main BSL top 7.59 risk targeting 103.70 first 0.56, 98.90 second 5.36, 68.00 third 36.26 long term.
Bullish Rejection Scenario — Demand Rejection and Break of Structure Bullish if Daily holds above 96.52 dashed teal with long lower wick bullish 96.52 to 104.21 +7.69 and envelope bullish divergence and MACD bullish above 2.771 and closes above 104.51 gray line and above 108.30 high May 14 with blue volume expansion and M30 closes above 104.45 gray line top with teal volume expansion 2580 high and MACD bullish above 1.486. Then targets 104.51 gray line first 0.30 above Daily, 108.30 second 4.09, 111.80 third 7.59, 120 fourth 15.79. M30 targets 104.45 first 0.19 above M30, 108.30 second 4.04, 111.80 third 7.54. Buy setup: Buy near 96.52 to 92.20 demand dashed support with bullish engulfing long lower wick, stop below 80.20 red MA 24.01 risk targeting 104.51 first 0.30, 108.30 second 4.09, 111.80 third 7.59 long term war premium continuation if Strait risk remains.
Bullish Alignment At Critical Resistance Main Power Fundamental War Premium Final conclusion bullish Daily and M30 alignment at critical resistance main power fundamental war premium: Daily at 104.21 close near high after uptrend 68.00 low Jun 29 major SSL +36.21 to 104.21 high Sep 8 main BSL breakout above 96.52 dashed and 92.20 dashed bullish, price above blue MA 83.70 and red MA 80.20 bullish long term, MACD 4.715 above 2.771 bullish. M30 at 104.26 close near high after uptrend 93.50 low Sep 8 internal SSL sweep to 104.26 high Sep 10 +10.76 bullish, structure higher highs higher lows bullish, BOS Bullish Sep 10 10:30 long teal candle 96.40 to 99.85 +3.45 bullish, MACD 1.551 above 1.486 bullish, Volume 2580 high Sep 10 14:30 bullish confirmation. Bias short term bullish continuation while above 96.52 dashed and above 98.90 purple MA and above 94.95 yellow MA, medium term bullish while above 80.20 red MA and above 83.70 blue MA and above 68.00 low Jun 29 major SSL, long term bullish while above 68.00 and above 80.20. Range most probable 68.00 to 111.80 holds 43.80 points accumulation between major SSL support Jun 29 low and main BSL resistance screen top with 104.21 middle decision near gray line 104.51 critical zone near 108.30 May 14 high main BSL. Net decision point at 104.21 middle after SSL sweep at 68.00 low and BSL sweep at 108.30 top and 104.45 M30 top next aim depends on Daily BOS confirmation above 104.51 for bullish continuation to 108.30 May 14 high to 111.80 screen top BSL main and potentially 120 North Sea dated $120 and 105 Brent passed $105 and 108 Brent if war escalates further, or below 96.52 for bearish correction to 92.20 to 80.20 to 68.00 SSL main. Wait for Daily BOS confirmation above 104.51 before entering long breakout, do not chase at top without confirmation but bullish continuation high probability because fundamental main power is supply disruption fear not technical — Strait of Hormuz 10 ships attacked traffic 125 to 10, US sank five Iranian tankers, Iran ballistic missiles at US base Jordan, Houthis attacks on Saudi facilities, Brent $101-108 North Sea $120, OPEC IEA reports this week, eight-day win streak 19-20% longest since Sep 2023. Risk management stop below 80.20 for longs 24.01 risk and above 111.80 for shorts 7.59 risk. Crude Sweet Light Oil bullish bias remains while war continues.
