Major bearish news for $CL as US-Iran tensions cool down and the Strait of Hormuz clears for ships! With the risk of direct clashes completely off the table, the heavy geopolitical premium that was supporting oil prices has shattered. Crude is already struggling to hold the $80 support level, and the technical breakdown looks primed to send it straight toward $70 and then $60. The upward momentum is dead, making this a clear opportunity to just close your eyes and short it hard!

CL
CLUSDT
79.08
-2.44%