Type:
Bullish Rise

Key Levels:
Resistance:
87.97
Pivot:
82.36
Support:
80.37

Preferred Case:
Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 87.97, where the recent high is.

Alternative Scenario:
Price may head back down to retest the pivot at 82.36, where the 23.6% Fibonacci line is.

Fundamentals:
There are no major news.