This is a bearish posture on crude oil, by going long on the 3x inverse crude oil symbol DWTI. The chart is making higher highs and higher lows on an uptrend lately. The MACD recently climbed above an intermediate resistance and is on its way to make all time highs. Likewise, the chart is approaching a previous high at 175.63, and looks like it should break out...
3x week previous hi 249.2 lo 218.3 swing hi 249.2 lo 214 Buy volume for WK4-27 was equal to previous sales volume. Opening 219 and closing at 240 WK5-04 buy volume also increased around a 1/5th. Skinny price action rebound 226.5 closing 240.5 WK5-11 sales volume reached to a little more then 1/2 and never equalized to the previous week opening 240 closing 236
Previous 3x Week hi 243.5 lo 214 last Swing hi 303.8 lo 214 Small spike in Sales Volume on Week of Apr-13 led to swing lo of $214 the next week. Apr27 buy Volume is equal to the week of Apr20 Sales Volume.