|15 min CL|
So for the last two weeks CL has been trading within a broadening/consolidation under resistance pattern. The lower support which by trend allows for lower lows in price but no new higher highs when using the beginning of the pattern as a benchmark. The mid line of the pattern, which was tested this morning, is 101. It held firm and the price fell to 100 as cash equity index's open.
30 min before the open is your last chance to take off overnight trades before correlations start falling off and the chop begins.