CL managed to break below its sideways trading range which it had been following since November 2024. It managed to break below 64 and wipe out a lot of BUY orders all the way upto 54.6 area, but its lowest daily close was at 57.8 after which it has not revisited the area. There is a Chance that the OLD SUPPORT between 64 and 65 could now act as a resistance in its rally towards the Sellers zone around 70. Therefore, it’s best to buy the drop into lower buyers on lower Time frames and closely monitor our trades while going into Sellers areas and pick some profits off the table. Also TRAILING STOP LOSSES should be used either below Lower lows or Slightly below 20 SMA on the time frame that we are trading.