CL Testing Support...Break or Bounce?

[zghorner]

Made it to $95.05, "that's all she wrote".

its dancing around that mid $80s support area still...you thinking south from here? daily shows a pretty classic downtrend starting back in mid June but its playing around support/not just breaking through with conviction. I was short expecting it to break further south but just got stopped out on that recent move to $89.

 

[SunTrader]

CL so far today almost completely retraced yesterday's big move. Not sure why it moved so much yesterday with looming recession but market must have been thinking the same thing?

I had resistance @ $97.53 and HOD is $97.66. Support I have $93.16 and LOD so far is $93.79