# CL at a critical junction

> Crude oil futures face diamond reversal as prices hover near $96.5 pivot.
- Title: CL at a critical junction · TradingView | Shortify
- Summary: Crude oil futures face diamond reversal as prices hover near $96.5 pivot. Crude oil prices may reverse near $96.5 if they break below $96.5, targeting…
- Keywords: nymex, cl1, crude oil, diamond reversal, pivot price, technical analysis, business, finance, critical, junction, TradingView
- Source: TradingView — https://tradingview.com/chart/CL1!/pUbp1yeD-CL-at-a-critical-junction-Are-we-seeing-a-diamond-reversal
- Published: 2026-10-22T05:39:17+00:00
- Read time: 1 min
- Topics: nymex, cl1, crude oil, diamond reversal, pivot price, technical analysis, business, finance
## Crude oil bull run
Crude oil has been on a bull run since October 10th, on low inventory data and war escalation anticipation.
## Critical junction pattern
The HH and HL pattern broke on October 20th after rumors of easing tensions, but prices climbed again after rumors were negated.
## Diamond reversal potential
A diamond reversal pattern forms in the consolidated zone, with a break below $96.5 pivot targeting $92-93.
## Continuation scenario
If crude oil breaks above $100.3 pivot with volume, the bull run may continue.
## Key takeaway

Crude oil prices may reverse near $96.5 if they break below $96.5, targeting $92-93, or continue upward if they break above $100.3 with volume.