CL Sets New 7-Day Low Below Recent Range

CL dropped to a new 7-day low of 74.209, breaking below the prior 7-day extreme of 74.32. The move represents a continuation of near-term weakness, with prices now 4.6% above the 30-day low at 70.783.

• New 7-day low established at 74.209, below prior 7-day extreme of 74.32
• Price action shows continuation of short-term downside pressure
• Current level remains 4.6% above 30-day low of 70.783, indicating limited downside extension