📊 Crude Oil: market maker trading scenarios for 26-30.04.2021.
✍️ Despite the decline in the asset's quotations during the second half of the past trading week, large market participants stealthily picked up buys.
The preponderance of buyers on CoT reports increased by 4% to a cash equivalent of $73bn 871m.
Market volume increased by 4% to a total of $370m 645m.
The nearest support level on the daily is the balance of the new week, located at 61.00.
In case of a successful test of that support, we expect upside to the intermediate target within the week, at 62.79. Increase of positions on decrease in volume of $7.7 million additionally strengthens it.
In case of consolidation above 62.79, the final growth target before the end of the trading week is the market maker's loss level (64.60).
🌐 In case of alternative scenario, a fixation below the price level of 61.00, downside to the support area of 59.50-59.18 is expected.
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The preponderance of buyers on CoT reports increased by 4% to a cash equivalent of $73bn 871m.
Market volume increased by 4% to a total of $370m 645m.
The nearest support level on the daily is the balance of the new week, located at 61.00.
In case of a successful test of that support, we expect upside to the intermediate target within the week, at 62.79. Increase of positions on decrease in volume of $7.7 million additionally strengthens it.
In case of consolidation above 62.79, the final growth target before the end of the trading week is the market maker's loss level (64.60).
🌐 In case of alternative scenario, a fixation below the price level of 61.00, downside to the support area of 59.50-59.18 is expected.
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Trade active:
👉 Crude Oil: expect to unwind the balance of the week!
✍️ The closest support for today is the balance of the week (61.00), which is reinforced by the close location of the limit buyer (60.97).
The main scenario is a successful test of the said support and a subsequent rise to the balance of the day (62.35).
📌 On break and fixation above 62.35 we expect the rise to the final target before the close of the trading day,- limit seller (63.12).
The main scenario is a successful test of the said support and a subsequent rise to the balance of the day (62.35).
📌 On break and fixation above 62.35 we expect the rise to the final target before the close of the trading day,- limit seller (63.12).
Trade active:
✅ Crude Oil: balance of the week successfully worked out!
🌐 The test of the balance of the week level (61.00), which we talked about in yesterday's trade idea, has been successfully worked out over the past 24 hours.
⚙️ Today during the day we expect a test of the balance of the day (61.88) and further rise to the hedge zone premium level (62.60).
In case of fixation above the mentioned resistance, limit seller (62.99) is the ultimate upside target for today.
⚙️ Today during the day we expect a test of the balance of the day (61.88) and further rise to the hedge zone premium level (62.60).
In case of fixation above the mentioned resistance, limit seller (62.99) is the ultimate upside target for today.
Trade active:
🌐 Crude Oil: medium term rally continues.
✍️ Over the past 24 hours reached the target resistance range of 62.60-62.99, which we talked about in yesterday's review.
Due to the fact that at the moment we have already moved far away from the balance level of the week (61.00), the nearest actual support level is the far limit buyer (61.51).
💰 In case of formation of buying pattern near the mentioned support we expect further rise with the limit seller (63.44) being the target one till the end of the currency day.
Due to the fact that at the moment we have already moved far away from the balance level of the week (61.00), the nearest actual support level is the far limit buyer (61.51).
💰 In case of formation of buying pattern near the mentioned support we expect further rise with the limit seller (63.44) being the target one till the end of the currency day.
Trade active:
🌐 Crude Oil: reached market maker loss level, what next?
🏁 Market maker loss level (64.41) has been tested over the past trading day.
Today, during the day, we expect the termination of the limit seller and the premium level of the hedgerow zone (64.36-64.57).
⚙️ On formation of a sell pattern in the above resistance area, we expect a corrective decline to the closing of the currency day with the target,- balance of the day (63.89).
Today, during the day, we expect the termination of the limit seller and the premium level of the hedgerow zone (64.36-64.57).
⚙️ On formation of a sell pattern in the above resistance area, we expect a corrective decline to the closing of the currency day with the target,- balance of the day (63.89).
Trade active:
🌐 Crude Oil: hedgers halted gains,- for how long?
✍️ Based on trading results on Thursday, April 29, the asset quotes, after testing the premium level of the hedger resistance zone (65.20), returned back to the market maker's profit margins (64.60).
In case of a successful test of the buyer limit level (64.52), we expect a further rise to the option balance of the day (65.01).
⚠️ In case of breakdown and fixation below the price level of 64.52, we expect further decline to the strike level of weekly hedge resistance area (64.00).
In case of a successful test of the buyer limit level (64.52), we expect a further rise to the option balance of the day (65.01).
⚠️ In case of breakdown and fixation below the price level of 64.52, we expect further decline to the strike level of weekly hedge resistance area (64.00).
