$CL WTI is trading at $88.62 (-1.02%), failing to hold the $90 level and showing short-term bearish momentum. Funding has turned positive and rising, meaning longs are still aggressive but they’re getting trapped as price falls. Meanwhile, Open Interest is dropping (941.7K → 911.9K), confirming a long liquidation phase rather than fresh shorting.

This aligns with a Weak Long / Likely Continuation Down setup bulls are exiting under pressure, and downside can continue until OI stabilizes.

Macro Edge: Cooling oil prices are driven by easing US–Iran tensions, reducing the war premium, alongside weaker demand outlook from the IEA.

Plan: Avoid longs for now. Watch $87.38 support if it holds with OI rising, a reversal setup may form.

CL
CLUSDT
84.65
+0.41%