CL today

Finishing Friday on the highs was not what I was expected from CL and, as I was thinking it would do Friday, it did today. CL started Monday session slightly bellow the high of Friday and continued down trough out the day but it was only after 1430 (GMT+2) when it was actually giving a hint of what followed. Up until then the session could have been considered a range. Volatility was normal most of the day with a surge at the start of US session.
We had a down start of this week with CL breaking the up trend of previous week - on a longer term the up trend is intact. I suppose we will not see a move above Friday highs tomorrow or if any, I bet on the fact that it will not be as sharp as today and not all at once which will mostly make speculators to favour short trades for a while today until the end of session and tomorrow morning. Looking at the hourly chart, the move down was big enough and most likely we should expect it to pause for a while given the fact that it has some support here formed in the previous 2 weeks.