Type:
Bullish Rise

Key Levels:
Resistance:
81.06
Pivot:
73.40
Support:
74.33

Preferred Case:
Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 81.06, where the previous highs are.

Alternative Scenario:
Price may head back down to retest the support at 74.33, where the 61.8% Fibonacci line is.

Fundamentals:
There are no major news.