⚠️ Crude Oil: strategic targets for May 24-28.
✍️ Marketmaker's weekly loss level (61.70) was reached during last week.
On the new CoT reports, the buyers' preponderance has decreased by 4%, indicating a probable continuation of the corrective decline.
Locked positions decreased by 11%, indicating unidirectional movement during the new trading week.
Market volume decreased by 5%, confirming the assumption of a corrective nature of the decline on the daily timeframe.
🌐 In case of rise to the option level at 65.00 we expect the formation of pattern on sale and downward correction during the new trading week.
The nearest support level is the weekly balance (63.00), the next one is the market maker's loss level (60.21).
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On the new CoT reports, the buyers' preponderance has decreased by 4%, indicating a probable continuation of the corrective decline.
Locked positions decreased by 11%, indicating unidirectional movement during the new trading week.
Market volume decreased by 5%, confirming the assumption of a corrective nature of the decline on the daily timeframe.
🌐 In case of rise to the option level at 65.00 we expect the formation of pattern on sale and downward correction during the new trading week.
The nearest support level is the weekly balance (63.00), the next one is the market maker's loss level (60.21).
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Trade active:
💠 Crude Oil: can the bears sell the market?
🔥 The nearest resistance for the first business day is the limit seller (64.69).
In case a sell pattern forms near the price level of 64.69, we expect a decline with the nearest target,- limit buyer (62.43).
💸 At the moment of closing of the American trading session below the balance of the week (63.00) the far target of decrease by the end of the week will be the loss of the market-maker (60.19).
In case of breakdown and fixation above the limit seller level (64.69) we expect realization of an alternative scenario: increase to the level of the minimum profitability of the market maker (66.31).
In case a sell pattern forms near the price level of 64.69, we expect a decline with the nearest target,- limit buyer (62.43).
💸 At the moment of closing of the American trading session below the balance of the week (63.00) the far target of decrease by the end of the week will be the loss of the market-maker (60.19).
In case of breakdown and fixation above the limit seller level (64.69) we expect realization of an alternative scenario: increase to the level of the minimum profitability of the market maker (66.31).
Trade active:
💬 Crude Oil: holding on to the market maker's loss.
🏁 The closest support for today is the option balance of the day (65.95).
In case of breakdown and fixation below the balance of the day (65.95) we expect a decline to the key support level intraday,- limit buyer (65.07).
✅ In case of a successful test of the limit buyer level and formation of the pattern to buy we expect continuation of rise with the target benchmark,- market maker's loss (66.60).
In case of breakdown and fixation above the loss of the market maker (66.60) the next resistance for today will be the limit seller (67.01).
In case of breakdown and fixation below the balance of the day (65.95) we expect a decline to the key support level intraday,- limit buyer (65.07).
✅ In case of a successful test of the limit buyer level and formation of the pattern to buy we expect continuation of rise with the target benchmark,- market maker's loss (66.60).
In case of breakdown and fixation above the loss of the market maker (66.60) the next resistance for today will be the limit seller (67.01).
Trade active:
🌐 Crude Oil: rise to market maker loss continues.
📢 The nearest support level for Wednesday, 26 May is the limit buyer (65.19).
⭐️ In case of a successful test of the mentioned support level, we expect upward momentum with intraday targets: 66.71-66.88 (market maker loss and limit seller).
Dynamic increase in market maker balance from the quote of 63.50 to 64.00 further confirms the probability of achieving the above mentioned upside targets.
⭐️ In case of a successful test of the mentioned support level, we expect upward momentum with intraday targets: 66.71-66.88 (market maker loss and limit seller).
Dynamic increase in market maker balance from the quote of 63.50 to 64.00 further confirms the probability of achieving the above mentioned upside targets.
Trade active:
🔥 Crude Oil: will the market maker's loss be reached?
The past 24 hours have worked out the test of the limit buyer level (65.19) with a slight underperformance.
In case of successful test of the Limit Buy (65.47), we expect the price to go up with the nearest target, the balance of the day (66.22).
In case of breakdown and fixation above the mentioned resistance, the final upside target by the end of the week will be the market-maker's loss level (66.81).
♻️ On breakdown and fixing below the limit buyer (65.47) the next support will be the $11m upside position gain (65.00).
In case of successful test of the Limit Buy (65.47), we expect the price to go up with the nearest target, the balance of the day (66.22).
In case of breakdown and fixation above the mentioned resistance, the final upside target by the end of the week will be the market-maker's loss level (66.81).
♻️ On breakdown and fixing below the limit buyer (65.47) the next support will be the $11m upside position gain (65.00).
Trade active:
⚠️ Crude Oil: back to the market maker's comfort zone?
✅ Over the past 24 hours, as we wrote yesterday, the limit buyer test (65.47) was successfully worked out, with a target to rise to the market maker loss (66.81).
🌐 In case of successful test of limit seller (67.25) we expect decrease with trading day closing below market maker loss (66.81).
The closest downside target before the close of the trading day is the level of the limit buyer (66.22).
🌐 In case of successful test of limit seller (67.25) we expect decrease with trading day closing below market maker loss (66.81).
The closest downside target before the close of the trading day is the level of the limit buyer (66.22).
