🔥 Crude Oil: analytical review for 7-11.06.2021.
According to the current US Commodity Futures Trading Commission reports, the total Crude Oil derivatives market is up 7%.
♻️ Net bullish positions also increased by 7% over the last trading week, confirming Smart Money's intention to push the price of black gold further up.
An 11% increase in the investor's locked positions at the same time suggests a likely positioning of the asset prices in the price corridor on the daily timeframe during the first half of the new week.
💠 In case of successful test of the market maker's balance (68.50), we expect upside with a far target: market maker's loss level (71.20).
In case of breakdown and fixation above the option level at 71.20, we expect a rise to the premium level (72.01).
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♻️ Net bullish positions also increased by 7% over the last trading week, confirming Smart Money's intention to push the price of black gold further up.
An 11% increase in the investor's locked positions at the same time suggests a likely positioning of the asset prices in the price corridor on the daily timeframe during the first half of the new week.
💠 In case of successful test of the market maker's balance (68.50), we expect upside with a far target: market maker's loss level (71.20).
In case of breakdown and fixation above the option level at 71.20, we expect a rise to the premium level (72.01).
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Trade active:
👉 Crude Oil: heading for a test of the balance of the week.
✍️ During the Asian session on Tuesday, June 8, reached the balance of the week level (68.50) indicated in yesterday's trade idea.
In case of a test of the nearest support for today,- the Buy Limit (68.27), we expect formation of a buy pattern and further upside with the target,- the balance of the day (69.24).
In case of breakdown of the balance of the day with the further fixation above this level (69.24), the limiting seller (69.96) is the final upside target till the end of the American trading session.
In case of a test of the nearest support for today,- the Buy Limit (68.27), we expect formation of a buy pattern and further upside with the target,- the balance of the day (69.24).
In case of breakdown of the balance of the day with the further fixation above this level (69.24), the limiting seller (69.96) is the final upside target till the end of the American trading session.
Trade active:
⚠️ Crude Oil: balance of the week dynamically rising.
✍️ The balance of the week is dynamically rising to a quote of 69.50, confirming upward momentum.
The nearest important support for today is the limit buyers level (69.32).
🌐 In case of correctional decline to the support and formation of pattern on the rise we expect the continuation of rally with the intraday target, - the level of premium of hedge zone (70.74).
The next resistance will be the level of marketmaker's loss (71.21).
The nearest important support for today is the limit buyers level (69.32).
🌐 In case of correctional decline to the support and formation of pattern on the rise we expect the continuation of rally with the intraday target, - the level of premium of hedge zone (70.74).
The next resistance will be the level of marketmaker's loss (71.21).
Trade active:
💡 Crude Oil: will the rise continue?
✍️ Over the past trading day reached the week's balance level (69.50), which was outlined in yesterday's trading idea as a key support level.
The main scenario for Thursday, June 10, is a successful test of the balance of the week (69.50) and a subsequent rise to the balance of the day (69.97).
📌 On a decline to the limit buyer level (69.11), expect a pullback and subsequent rise to the premium level of the hedgerows weekly resistance zone (70.37).
The main scenario for Thursday, June 10, is a successful test of the balance of the week (69.50) and a subsequent rise to the balance of the day (69.97).
📌 On a decline to the limit buyer level (69.11), expect a pullback and subsequent rise to the premium level of the hedgerows weekly resistance zone (70.37).
Trade active:
👉 Gold: looking for bargain buying opportunities.
The closest support for today is the option balance level of the week (1885.00).
📝 In case of break and fixation below the balance of the week (1885.00), we expect the subsequent decrease with the final target before the close of the trading day,- premium level of hedge support zone (1880.64).
At formation of a pattern to buy in the price range of the limit buyer (1884.03) and the premium of the hedger support zone (1880.64) we expect increase to the limit seller (1898.34).
📝 In case of break and fixation below the balance of the week (1885.00), we expect the subsequent decrease with the final target before the close of the trading day,- premium level of hedge support zone (1880.64).
At formation of a pattern to buy in the price range of the limit buyer (1884.03) and the premium of the hedger support zone (1880.64) we expect increase to the limit seller (1898.34).
Trade active:
🌐 Crude Oil: will the decline continue?
❗️ The hedger resistance zone premium level (70.37) was successfully tested over the past 24 hours.
✍️ The main scenario for today is a successful test of the buy limit level (69.69) and subsequent rise to the sell limit (70.35) and hedger resistance zone (71.00).
On breakdown and consolidation below the 69.69 price level, we expect a decline to the premium level of hedger support zone (69.32).
✍️ The main scenario for today is a successful test of the buy limit level (69.69) and subsequent rise to the sell limit (70.35) and hedger resistance zone (71.00).
On breakdown and consolidation below the 69.69 price level, we expect a decline to the premium level of hedger support zone (69.32).
