Forex_Times

❗️ Crude Oil: we expect continued growth on March 1-5

Long
TVC:USOIL   CFDs on WTI Crude Oil
πŸ’‘ The closest support area is the price range 60.00 - 59.12.
The preponderance of bullish positions increased by 2%. This serves as a signal for the continuation of the increase during the new trading week.
🌐 The number of locked positions of investors decreased by 6%. This dynamics testifies to the probable unidirectional nature of the movement.
The closest benchmark for growth is the weekly balance (62.00).
The next upside target is the price level 63.00.
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Trade active:
⚠️ Crude Oil: we terminate the balance of the week πŸ“£ The closest support level for today is the weekly balance of the market maker (62.00).
In case of a breakdown of the indicated support, we expect a subsequent decline to the level of the limit buyer (61.42).
♻️ The closest target for growth on Monday is the premium level of the weekly hedger resistance area (63.03).
Trade active:
πŸ“£ Crude Oil: the market maker released oil to the hedger support zone πŸ“Š In case of consolidation during the European session below the level of the limit buyer (60.00), we expect a decrease to the level of the market maker's loss (57.81).
♻️ In turn, the level of the lowest profit of the market maker is the key level for an additional set of medium-term bullish positions.
In case of a false breakdown of the limit buyer (60.00) and fixing above the specified support during the American session, the nearest target for the increase is the level of the weekly balance of the market maker (62.00).
Trade active:
πŸ“£ Crude Oil: fixed above the balance, downward correction is over 🌐 In case of a rebound from the balance of the day (61.34), we expect an increase to the nearest resistance - the level of the limit seller (62.02).
In case of breakdown and consolidation below the 61.34 price mark, the next support for today will be the limit buyer (60.16).
πŸ’  When a buy pattern appears when the specified option level is canceled, open bullish positions with a target reference - the market maker's loss (64.11).
Trade active:
🎯 Crude Oil: we expect a decrease in the comfort zone of a market maker βœ… The closest resistance for today is the level of limit sellers (64.50).
πŸ“Š The main scenario for today is a rebound from the specified resistance and a subsequent decline to the balance of the day (63.85).
The next support on Friday is the level of limit buyers (63.38).
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