CL Range Channel: targeting $87 retestCLUSDT Perpetual Swap ContractOKX:CLUSDT.P3CommasThe Macro Picture 🗺️ CL has settled into a defined range between $87 and $100 since the late-April flush, with each rotation cleanly tagging both boundaries before reversing. The late-May bearish leg from the broadening formation paused at the $87 local low without delivering the full move to the $84 macro floor — unfinished business that now sits beneath this range as a deeper liquidity pocket. Current price has rebounded from the lower boundary and is pushing into the upper half of the channel. The structure is no longer trending; it's rotating. The Setup ⚙️ The Range: The $87–$100 channel has held for over six weeks, with the upper band rejecting every approach and the lower band defended on three separate tests. RSI continues to oscillate between the 40s and low 60s — textbook range behavior, no directional commitment from momentum. The Rejection: Price is now testing the $98–$100 upper band, where the bears have layered supply on every prior tag. As indicated by the white projection, a clean rejection from this band sets up the rotation back to the lower half of the channel. The Range Play: Sideways structures of this duration favor rotational setups over directional bets — the range itself becomes the edge while both boundaries continue to hold. Each touch of the $100 ceiling has produced a clean reversal back toward the $87 floor without sustained breakdown. The Roadmap: Primary target sits at the $87 local low — the white projection traces a rejection at $100, a flush back through $92, and a retest of the range floor. Invalidation: a sustained 1D close above $100 would invalidate this rotational thesis and put the broader broadening formation back in play with $108 as the next upside magnet.