/CL (crude futures) is approaching the first price target (T1) on the 60-minute chart while cracking below the uptrend line. As of now, my preferred target zone remains T3. Note: I’ve rolled to the Aug contract, as such the price target levels on the updated (second) chart below have been adjusted to the new contract accordingly. I’ve also replaced the 2 previous minor uptrend lines from the June contract (the previous chart from June 10th, for reference, is the first one below).
CL 60m June 10th
CL 60m June 14th