NYMEX:CL1!   Light Crude Oil Futures
Oil is hugging lows after bottoming out at 95.24. The Kovach OBV dropped substantially with the selloff, but appears to have bottomed out. At this point, we can expect another run from the $100's, where $100 and $101 will provide resistance. If we end up breaking down, then watch the vacuum zone below to 92.03.

Join my discord at discord.io/quantguy
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.