Light Crude Oil Futures Technical Analysis – Key Junction at $70.3Hello, this is Itai Levitan at ForexLive.com, bringing you a technical analysis on Light Crude Oil Futures (Ticker: CL). As expected and communicated in my last oil technical analysis, the current touchpoint at the top pane of this channel is playing out as anticipated. Sometimes, you need to set your channels at the close of the candle rather than the low, as in this case, to gain more agreement. This approach helps align better with where price is reacting, as different lows can draw varied lines. The key is to identify where the market is showing the best response.Confirming the ChannelIn this scenario, we see clear validat
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