CL - 1H - 23.07.2026Crude Oil / Tether LINEAR FUTURES CONTRACTBITUNIX:CLUSDT.PpriitzzyOil has executed an exhaustive expansion into a primary higher-timeframe resistance zone, showing initial signs of rejection and setting up a clean short opportunity back down the range. 🔍 Market Structure & Key Levels The Overhead Supply Block ($89.20 – $89.50): The asset has tapped into a major distribution zone. This upper pink channel represents historical selling pressure where bulls are losing steam and a bearish structural pivot is forming. The Intermediate Flip Resistance ($87.88 – $88.50): The price is currently hovering in this minor cluster. While it briefly spiked above, failing to hold this zone as a permanent support floor validates the short setup and confirms a liquidity sweep of the highs. The Target Demand Floor ($84.00 – $84.74): This blue horizontal channel represents the ultimate take-profit destination. It aligns with the high-volume consolidation wicks and is the most logical place for the market to complete its corrective path. 💡 Outlook The current price action is heavily indicative of an expansion exhaustion. A clean daily/hourly breakdown below the internal $87.88 pivot line will solidify the bearish shift, opening a rapid downside corridor straight toward the $84.74 target.