Clear uptrend on Light Crude Oil #CL. Monthly and weekly are in an uptrend creating new demand levels on the way up and nothing to the left with room to reach monthly supply higher around 101.
Weekly demand zones from 58 and 64 are in control. There is a clear long bias, longs at new weekly, daily and H4 demand levels. In an uptrend, demand imbalances are created and respected and this is what we are seeing on Light Crude Oil right now.
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