NYMEX:CL1!   Light Crude Oil Futures
On August 9th, the price of crude oil reached a resistance level around $84.71. This is a point where many traders might perceive the price as being sufficiently high and anticipate a potential price decrease or correction. If the price approaches or revisits this level in the coming sessions, it's highly likely that selling pressure would emerge around that level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.