🌐 Crude Oil: medium term analysis for May 17-21.
✍️ According to the current CoT reports, the buyers' preponderance has decreased by 1%.
Market volume has declined by 1%, suggesting a corrective nature of the decline on the daily timeframe.
The high volatility inside the coming trading week is suggested by a 1% decrease in investors' locked positions.
The nearest support on the daily is the price range of 64.00-63.37, where the balance of the week and the premium level of the hedge zone is located.
👉 In case of pattern formation on purchasing and fixation above the level of 64.00, we expect the continuation of medium-term growth with the benchmark - downside positions increase at the price level of 67.00
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Market volume has declined by 1%, suggesting a corrective nature of the decline on the daily timeframe.
The high volatility inside the coming trading week is suggested by a 1% decrease in investors' locked positions.
The nearest support on the daily is the price range of 64.00-63.37, where the balance of the week and the premium level of the hedge zone is located.
👉 In case of pattern formation on purchasing and fixation above the level of 64.00, we expect the continuation of medium-term growth with the benchmark - downside positions increase at the price level of 67.00
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Trade active:
📌 Crude Oil: what should we expect on Monday?
👉 In case of breakdown and consolidation below the balance of the day level (65.40), we expect a subsequent decline towards the limit buyer level (64.33).
✍️ With the formation of a buy pattern in the price range of 64.33-64.00 (limit buyer and balance of the day), we expect a subsequent rise with the nearest target,- limit seller (66.53).
Mid-term upside target for the current week is market maker loss level (67.40).
✍️ With the formation of a buy pattern in the price range of 64.33-64.00 (limit buyer and balance of the day), we expect a subsequent rise with the nearest target,- limit seller (66.53).
Mid-term upside target for the current week is market maker loss level (67.40).
Trade active:
⚠️ Crude Oil: market maker loss as strategic upside target.
✍️ Last week's long drawdown of the balance of the week (64.00) paid off, and the rally started on Monday, May 17, and is now headed in the direction of the medium-term trend.
The balance of the week itself dynamically rose to 64.50, which also confirms the uptrend.
The nearest important support for today is the Buyers Limit level (65.40).
🌐 In case of correctional decline to the mentioned support and formation of pattern on rise we expect continuation of rally with intraday target,- limit seller (67.39).
The next resistance will be the level of loss of the market-maker (67.70).
The balance of the week itself dynamically rose to 64.50, which also confirms the uptrend.
The nearest important support for today is the Buyers Limit level (65.40).
🌐 In case of correctional decline to the mentioned support and formation of pattern on rise we expect continuation of rally with intraday target,- limit seller (67.39).
The next resistance will be the level of loss of the market-maker (67.70).
Trade active:
🎯 Crude Oil: balance of the week retested.
🔥 The option balance of the week level (64.50) was tested again in the past 24 hours.
In case of a false breakdown of this support, we expect a subsequent intraday decline with a Buy Limit target, (63.51).
In case of formation of a buy pattern in the price range of 64.50-63.51 we expect subsequent rise with the nearest intraday target,- Wednesday's option balance (65.48).
♻️ In case of breakdown and fixation above the mentioned resistance, the medium-term growth target till the end of the week will be the loss of the market-maker (67.81).
In case of a false breakdown of this support, we expect a subsequent intraday decline with a Buy Limit target, (63.51).
In case of formation of a buy pattern in the price range of 64.50-63.51 we expect subsequent rise with the nearest intraday target,- Wednesday's option balance (65.48).
♻️ In case of breakdown and fixation above the mentioned resistance, the medium-term growth target till the end of the week will be the loss of the market-maker (67.81).
Trade active:
🔰 Crude Oil: going to test the market maker's loss!
📊 Trading results for Wednesday, May 19, have consolidated below the week's balance level (64.50).
The key support area for today is the 62.60-61.80 price range, where the limit buyer and market maker loss is located.
👁🗨 In case of formation of buying pattern we expect a rise with target,- limit seller (64.25).
The key support area for today is the 62.60-61.80 price range, where the limit buyer and market maker loss is located.
👁🗨 In case of formation of buying pattern we expect a rise with target,- limit seller (64.25).
Trade active:
📌 Crude Oil: Will there be a return to the market maker's comfort zone?
🌐 The asset is currently trading near the market maker loss level (61.70).
In case of breakdown of the mentioned option level the next support will be the premium level of hedge zone (61.39).
On formation of a buy pattern in the price range of 61.70-61.39 we expect a further rise with the minimum target, the limit seller (62.55).
💡 On breakdown and fixation above the limit seller (62.55), we expect the rise to the balance of the week (64.50).
In case of breakdown of the mentioned option level the next support will be the premium level of hedge zone (61.39).
On formation of a buy pattern in the price range of 61.70-61.39 we expect a further rise with the minimum target, the limit seller (62.55).
💡 On breakdown and fixation above the limit seller (62.55), we expect the rise to the balance of the week (64.50).
