Forex_Times

📝Crude Oil: on March 15-19, investors expect oil prices to rise

TVC:USOIL   CFDs on WTI Crude Oil
✅ According to new CoT reports, the preponderance of buyers increased by 12%.
The market volume increased by 11%, which further confirms the strength of the bullish momentum.
📣 The total volume of locked positions increased by 15%, which indicates the probable floatation of asset quotes in the price corridor on the daily timeframe during the next trading week.
Based on the above data, during the first half of the new trading week, we expect a correctional decline to the premium level located at the 64.58 price mark.
If it consolidates above the weekly balance (65.50), we expect an increase with the final target - the loss level (68.30).
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Trade active:
💡 Crude Oil: upward dynamics continues 🌐 The closest support level on Monday is the weekly balance (65.50).
🎯 The main scenario is a successful test and a subsequent rise to the limit seller (67.06).
A further target for the increase is the level of the lowest profit of the seller of financial insurance for futures (68.31).
Trade active:
💡 Crude Oil: dynamic decline in the hedger support zone ⚠️ Over the past day, they have consolidated below the weekly balance (65.50).
Today we expect a retest of the specified option level from the reverse side and a subsequent decline to the limit buyer (64.40).
📌 The further medium-term target of the decline is the hedger support zone, which dropped from 66.00 to 63.00.
Trade active:
📝 Crude Oil: the market maker's balance is dynamically decreasing ✍️ The closest resistance for today is the new current balance of the week (65.00).
⚠️ If the test of the latter is successful, we expect a decline to the limit buyer (63.96).
During the American session, we expect a correctional rise with the minimum target - the balance of the day (64.73).
Trade active:
💡 Crude Oil: expiration of weekly options is close ⚠️ In case of a successful test of the limit buyer (64.06), we expect an increase with the nearest target - the balance of the day (64.64).
In case of breakdown and consolidation above 64.64, the next resistance will be the weekly balance (65.00).
📉 In an alternative scenario of the development of events, - a breakout and consolidation below the level of the limit buyer (64.06), the final target of the decline is the hedgers support zone (63.00).
Trade active:
📣 Crude Oil: will the market maker close the week at a loss? ⚠️ The closest support for today will be the level of the limit buyer (59.01).
♻️ In case of a successful test of the indicated support, the nearest growth target is the limit seller (60.60).
The final benchmark of growth until the end of the trading day is the market maker's loss level (62.40).
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