Forex_Times

❗️ Crude Oil: revealed systematic accumulation in hedgerow zone!

TVC:USOIL   CFDs on WTI Crude Oil
✍️ For the past three consecutive business days, institutional investors have been systematically increasing the number of buy limit orders near the $57.00 price point.
Based on the fixation below the balance of the week (60.00) on the first trading day, the main scenario for today is the retest of 60.00 and the subsequent decline with the nearest benchmark, the limit buyer (57.56).
🌐 Hedger support zone (57.00) is the medium downside target, which is reinforced by upside gains of $50.6 total.
🤔 Like the idea? 👍 like it ✍️ write a comment
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.