Maintain CL exposure at $93.27 with a HOLD rating as the stock trades near the upper Bollinger band with weakening momentum (MACD histogram +0.34 to +0.08 on rising prices) and faces a real Q3 margin risk from Hormuz/Iran cost disruptions. Deploy new capital via two-tiered entries: 50% on pullback to the $90.71-$91.90 zone and 50% on confirmed breakout above $94.25 with volume exceeding 5M, while respecting the $90.20 trailing stop and reassessing after Q3 earnings in early October.