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CL LONG swing futures Pullback
Confidence 62
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Entry
97
Stop
94.5
Target
102
R:R
2.00
Narrative

HTF 4h shows a powerful impulsive move from ~75 to ~115, followed by a sharp corrective selloff to ~77 before recovering. Price is now grinding higher from the ~80 base, currently at 98. The HTF trend bias remains bullish — the corrective low at ~77 held and buyers absorbed hard. On the 1h, price rallied from ~82 (Mar 10 low) through 90s and is now consolidating just below 100 psych level. Recent 1h bars show a pullback from the 99+ high back to ~95–96 area, then recovery back to 98. The ~96–97 zone is acting as support (prior resistance from Mar 12 breakout area). Entry on a dip to 97 where buyers should defend. Stop below 94.50 which is below the Mar 12 consolidation base. Target 102 — the gap-open zone from Mar 8 and a natural measured extension. ATR 1.78 supports a 2.5pt stop and 5pt target giving ~2R.