FX.co ★ bradtke.owen | CL/Crude Oil

#CL, Wednesday, May 13, 2026

The price of crude oil commodity with the code #CL on Tuesday moved in a positive daily trend, moving away from the lower area of 97.00. This afternoon, through the H4 timeframe, the price is seen holding at the level of 101.00, swinging above the dynamic support line crossover area of blue EMA21 with purple EMA50 above the orange EMA200. Meanwhile, the CCI14 indicator appears to be starting to move down away from the overbought area. Therefore, for today, the choice of trading SELL #CL will be a profitable option, by placing a stop loss at the resistance area of 104.70 and a take profit target at the lower area of 88.50.