Light Crude Oil #CL long term long bias, weekly demand level in control, similar scenario is also available on Brent.
Weekly chart is uptrending, weekly demand imbalance at 64.94 is in control and printing higher lows. Daily demand at 65.82 in control attacking a used-up daily supply zone at 70.39, expecting daily supply level to be eliminated.
If that happens a new daily demand imbalance will be created. Definitely long term long bias on Light Crude Oil.
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