🎯 Crude Oil: will we see a new low on March 22-26
✍️ Although according to the new CoT reports, capitalization increased by 4%, but the volume of the preponderance of bullish positions decreased by 1%.
As a result, the lower border of the market dropped, and the hedgers' support zone turned out to be already at the level of 56.53.
♻️ In case of a successful test of the weekly balance (62.00), we expect a decrease to the level of the minimum profit of the market maker (57.84).
At the same time, an increase in the locked positions of investors by 7% gives reason to assume that the asset quotes are likely to fluctuate in the price corridor on the daily timeframe during the new trading week.
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As a result, the lower border of the market dropped, and the hedgers' support zone turned out to be already at the level of 56.53.
♻️ In case of a successful test of the weekly balance (62.00), we expect a decrease to the level of the minimum profit of the market maker (57.84).
At the same time, an increase in the locked positions of investors by 7% gives reason to assume that the asset quotes are likely to fluctuate in the price corridor on the daily timeframe during the new trading week.
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🌐 Crude Oil: beware, weekly balance termination!
✍️ During the European session, we expect an increase to the level of the option balance of the week (62.00).
⚠️ If the level of the limit seller (62.63) is broken and consolidated above the indicated resistance, the next growth target is the level of the limit seller.
In case of rebound from the considered resistance range 62.00-62.63, the minimum target of decline for today is the level of the limit buyer (59.80).
⚠️ If the level of the limit seller (62.63) is broken and consolidated above the indicated resistance, the next growth target is the level of the limit seller.
In case of rebound from the considered resistance range 62.00-62.63, the minimum target of decline for today is the level of the limit buyer (59.80).
Trade active:
⚠️ Crude Oil: the price is traded near the market maker's balance
👉 Over the past day, the market maker raised the price to the balance level for the weekly option contract closest to expiration (62.00).
💡 Today, during the European session, we expect testing of the level of limit buyers (60.17) and a subsequent rise to the level of the option balance of the day (61.55).
In case of an impulse rise and consolidation above the indicated resistance, we expect the continuation of the bullish movement to the price level of 62.40, where the limit seller is located.
💡 Today, during the European session, we expect testing of the level of limit buyers (60.17) and a subsequent rise to the level of the option balance of the day (61.55).
In case of an impulse rise and consolidation above the indicated resistance, we expect the continuation of the bullish movement to the price level of 62.40, where the limit seller is located.
Trade active:
❌ Crude Oil: will the market maker stop the decline?
⚠️ Over the past day, we reached the level of the minimum profit of the market maker (57.62).
The main scenario for the development of events during the European session is an increase from current prices with the maximum target - to the limit seller (58.88).
📌 It is also worth noting the increase in positions for increasing the volume of $ 13.3 million, which is located at the price level of 56.50. In this case, the indicated support will act as a medium-term target of decline in case of breakdown and consolidation below the level of the market maker's loss (57.62).
The main scenario for the development of events during the European session is an increase from current prices with the maximum target - to the limit seller (58.88).
📌 It is also worth noting the increase in positions for increasing the volume of $ 13.3 million, which is located at the price level of 56.50. In this case, the indicated support will act as a medium-term target of decline in case of breakdown and consolidation below the level of the market maker's loss (57.62).
Trade active:
📌 Crude Oil: the market maker returned the price to the comfort zone
📝 Over the past day, the week balance test has been successfully completed (61.00).
🎯 In case of a repeated test of the market maker's loss level (57.61), we expect the formation of a buy entry point.
In case of breakdown and consolidation above the weekly balance (61.00), the final target of growth is the limit seller (62.03).
🎯 In case of a repeated test of the market maker's loss level (57.61), we expect the formation of a buy entry point.
In case of breakdown and consolidation above the weekly balance (61.00), the final target of growth is the limit seller (62.03).
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