CLX2025 If you’re holding a short position in oil, keep an eye on today’s support level. This is where we could see either a pause or a reversal. Rationale behind: It’s the 1σ Expected Range (ER) — calculated using the official exchange formula.
In the absence of black swans or major news spikes, these levels consistently deliver high-probability reactions — with accuracy too strong to ignore.
CLX2025 WTI crude oil futures — I’ve marked a zone on the chart where I’m considering short entries if price reaches it.
This isn’t just the 68% Expected Range (ER) boundary — it also aligns perfectly with the trigger level from September 23, when price broke a local resistance and likely sparked long entries.
In other words: We’re looking at a confluence of structure, sentiment, and liquidity — a high-probability area for rejection.