**CL Notes from Recent High Frame Price action 5/13-5/14**Crude Oil Futures (Jun 2026)NYMEX:CLM2026EthicalxTrader**CL Notes from Recent High Frame Price action 5/13-5/14** * CL remains in a broader bullish structure overall despite the recent volatility and pullbacks from the highs near **108–111**. * Price is currently trading around **101**, consolidating directly above a major support cluster instead of seeing a full breakdown. * The market recently: * Broke out aggressively above **100** * Tagged the **108+ region** * Pulled back sharply * Then stabilized again above key support * Structurally, this still looks more like bullish consolidation after expansion rather than a confirmed trend reversal. * Buyers continue defending the major **96–100 support region** aggressively. Overall structure still favors bullish continuation as long as the larger higher low structure remains intact. **Levels I’ve been tracking** * **110.93**: Larger higher timeframe target * **108.60**: Major resistance * **104.34**: Key breakout continuation trigger * **101.85 – 102.16**: Immediate resistance zone * **100.91 – 100.56**: First support shelf * **99.38**: Key support level * **96.20**: Major trend support * **94.00**: Larger breakdown trigger * **90.48**: Major downside support **Volume and behavior notes** * Volume expanded heavily during the breakout into the highs and again during the sharp pullback phase, showing heightened volatility and participation. * More recently, volume has started cooling somewhat as price consolidates near the **100–102 region**. * Importantly, sellers still have not fully broken the larger higher low structure on the daily timeframe. * Current price action resembles: * Consolidation after expansion * Range compression near support * A market waiting for directional confirmation * Buyers continue defending dips into the upper-90s region instead of allowing aggressive continuation lower. * Holding above **99.38 → 96.20** keeps the broader bullish structure intact. * A confirmed breakout back through **102.16** likely opens continuation toward: * **104.34** * **108.60** * **110.93** **Overall read from my notes** CL remains bullish overall on the larger timeframe despite the recent volatility. The biggest thing standing out right now is that price continues stabilizing above major support instead of fully collapsing after the pullback from the highs. The key areas remain: * **102.16 = major breakout continuation trigger** * **99.38 = key support level bulls need to defend** As long as CL continues holding the upper-90s support region, the broader structure still favors eventual continuation higher rather than a complete trend reversal.