Light Crude Oil Futures (CL) – Trade Setup & Key Levels

🛢️ Light Crude Oil Futures (CL) – Trade Setup & Key Levels 📊

Analyzing Light Crude Oil Futures based on recent market structure and risk management parameters.

📌 **Entry Price:** $61.15

🔑 Key Levels to Watch:
🔹 **Exit Target:** +6.1% above entry → around $64.88
🔹 **Stop Loss:** -4.6% below entry → around $58.34
🔹 **Support Zone:** -7.3% below entry → around $56.66
🔹 **Resistance Zone:** +10.9% above entry → around $67.84

Crude Oil is consolidating in a medium-range channel. With the current entry, the risk-to-reward ratio favors a potential upside, while defined levels help manage downside risks.

1. **Bullish View:** Price can aim for $64.88 first, and potentially retest the $67.80 resistance zone.
   
2. **Bearish View:** If $58.34 fails to hold, we may see extended downside toward $56.66 support.
   

⚠️ **Note:** If price breaks below $58.34, expect further decline toward support. ⚠️

🔔 **Be sure to follow updated ideas for Crude Oil Futures!** 🔔

⏰ **Analysis Timeframe:** Daily & 4H perspective.

⚖️ **Always use a Stop Loss** for risk management! 🚨

💡 **This is just my market idea — follow your own strategy.**

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