🔥 Crude Oil: weekly forecast for 31.05-04.06.2021.
According to the current US Commodity Futures Trading Commission reports, the total Crude Oil derivatives market is up 1%.
♻️ Net bullish positions also increased by 1% over the last trading week, confirming Smart Money's intention to push the price of black gold further up.
A 3% increase in investor locked positions at the same time suggests a likely positioning of the asset prices in a price corridor on the daily timeframe during the first half of the new week.
💠 In case of a successful test of the support price range 66.00-65.50 (market maker balance and hedger zone), we expect a rise with a long-range target: a $11.3m (68.23) downside position gain.
On breakdown and consolidation above option level at 68.23, expect upside to market maker loss (69.11).
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♻️ Net bullish positions also increased by 1% over the last trading week, confirming Smart Money's intention to push the price of black gold further up.
A 3% increase in investor locked positions at the same time suggests a likely positioning of the asset prices in a price corridor on the daily timeframe during the first half of the new week.
💠 In case of a successful test of the support price range 66.00-65.50 (market maker balance and hedger zone), we expect a rise with a long-range target: a $11.3m (68.23) downside position gain.
On breakdown and consolidation above option level at 68.23, expect upside to market maker loss (69.11).
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Trade active:
✍️ Crude Oil: will the limit buyer be tested?
🔺 The closest support for today is the balance of the week (66.00).
In case of breakdown and fixation below the mentioned option support, we expect a decline to the limit buyer (65.27).
🏁 In case of reaching the level of the highest speculative interest intraday (65.27), we expect the formation of the pattern to buy and the subsequent rise in the direction of the medium-term trend with the limit seller (67.63) as a target.
In case of breakdown and fixation below the mentioned option support, we expect a decline to the limit buyer (65.27).
🏁 In case of reaching the level of the highest speculative interest intraday (65.27), we expect the formation of the pattern to buy and the subsequent rise in the direction of the medium-term trend with the limit seller (67.63) as a target.
Trade active:
👉 Crude Oil: trading in the market maker's comfort zone.
✍️ During the Asian session on Tuesday, June 1, reached the limit buyer level (67.63) indicated in yesterday's trade idea.
In case of a test of the nearest support for today,- option balance of the day (66.40) we expect formation of a buy pattern and subsequent upside with the target,- hedge zone premium level (67.96).
🌐 In case of deep intraday correction with fixation below the balance of the day (66.40) the ultimate downside target before the close of the American trading session is the limit buyer (65.50).
In case of a test of the nearest support for today,- option balance of the day (66.40) we expect formation of a buy pattern and subsequent upside with the target,- hedge zone premium level (67.96).
🌐 In case of deep intraday correction with fixation below the balance of the day (66.40) the ultimate downside target before the close of the American trading session is the limit buyer (65.50).
Trade active:
💸 Crude Oil: going to test market maker loss level.
In case of a successful test of the buyer limit level (67.03) during the current day, we expect a further rise with the nearest target,- seller limit level (68.70).
♻️ In case of breakdown and fixation above the mentioned resistance level the final growth target till the end of the trading day is the loss of the market maker (69.31).
Weekly balance of the market maker (66.52) is a further support at consolidation below the limit buyer (67.03) during the European session.
Increase of positions on increase of $9.1 million additionally strengthens it.
♻️ In case of breakdown and fixation above the mentioned resistance level the final growth target till the end of the trading day is the loss of the market maker (69.31).
Weekly balance of the market maker (66.52) is a further support at consolidation below the limit buyer (67.03) during the European session.
Increase of positions on increase of $9.1 million additionally strengthens it.
Trade active:
💡 Crude Oil: reached growth targets.
✍️ The market maker's loss level (69.31), which was indicated in yesterday's trade idea as an upside target, has been reached over the past trading day.
The dynamic increase of the balance of the week from 66.50 to 67.00 indicates an uptrend within the weekly trend.
The main scenario for Thursday, June 3, is a successful test of the limit seller (65.36) and a subsequent corrective decline to the balance of the day (68.83).
📌 On breakdown and fixation below the balance of the day level (68.83) we expect decrease to the level of the limit buyer (68.02).
The dynamic increase of the balance of the week from 66.50 to 67.00 indicates an uptrend within the weekly trend.
The main scenario for Thursday, June 3, is a successful test of the limit seller (65.36) and a subsequent corrective decline to the balance of the day (68.83).
📌 On breakdown and fixation below the balance of the day level (68.83) we expect decrease to the level of the limit buyer (68.02).
Trade active:
🌐 Crude Oil: decline started after market maker loss test.
❗️ The marketmaker loss level (69.31) indicated in yesterday morning's review was reached over the past 24 hours.
✍️ The main scenario for today is a successful test of the limit seller level (69.15) and subsequent decline to the limit buyer level (68.47).
In case of breakdown and fixation below the mentioned support, we expect decrease to limit buy order of $17.3m (67.87).
✍️ The main scenario for today is a successful test of the limit seller level (69.15) and subsequent decline to the limit buyer level (68.47).
In case of breakdown and fixation below the mentioned support, we expect decrease to limit buy order of $17.3m (67.87).
