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$CL IS QUIETLY CONSOLIDATING ABOVE THE $100 SUPPORT ZONE
Although $CL has slightly cooled off this morning after its recent strong rally, the most important signal is that price continues to hold firmly above the major $100 support level, a zone bulls are defending aggressively.
Even more interesting, liquidity still appears to be quietly flowing into the market, suggesting that buying demand has not disappeared but is instead absorbing short-term profit-taking pressure.
Right now, the market feels like the calm before the storm, as bulls seem to be waiting for a major catalyst to trigger the next breakout wave.
If the $100 support continues to hold, $CL could be preparing for another powerful expansion move in the near future.
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