WTI Crude Oil :: January 2024 Contract :: CLF2024
As of November 13, at a current volatility level of 37, the underlying January 2024 WTI futures price has a 68% chance (1-StdDev) to be inside of the range between 70 and 85 at the CLF24 expiration on December 19, 2023.
CME volume data has shown that traders have been more aggressively trading the 85 Strike...
NYMEX:CLX2023
NEAR TERM :: NEUTRAL / SLIGHTLY BEARISH
VOLUME STRUCTURE - CLX23
So far, for the year of 2023, 70% of the trading volume for the November contract has occurred between $95 & $89, with the highest volume around $91, which is the price of neutrality and market balance.
PRICE ACTION - CLX23
WTI strongly rejected prices above $92, and sold...
NEAR TERM :: NEUTRAL
VOLUME STRUCTURE - NYMEX:CLX2023
So far, for the month of September, 70% of the trading volume for the November contract has occurred between $89 & $91.75, with the highest volume around $91.
PRICE ACTION
WTI strongly rejected prices above $92 & failed to make a subsequent new high.
A FEW FUNDAMENTAL FACTORS
- Seasonal Demand...
The Wiseguy Report : December Copper HGZ2023
HGZ2023 -- COMEX:HGZ2023
NEAR TERM : NEUTRAL
VOLUME STRUCTURE
So far, for the month of September, 70% of the December Copper volume has occurred between 3.8400 & 3.7100, with the highest volume occurring near 3.7900.
PRICE ACTION
December Copper has rejected all its previous interest inside the Value Zone & is...
The Wiseguy Report : GBP/JPY - 9/20/2023
FX:GBPJPY
Thursday 9/21/23 both UK & Japan make their interest rate decisions.
As always, the BoJ is not expected to do anything.
The BoE is expected to raise UK rates by 25bp, from 5.25% to 5.5%
GBP/JPY is the perfect pair to be watching over the remainder of this week for this event.
CLX23 did not like $92 today.
Is a minor correction coming?
Is it time to get a little bearish for the next few days/weeks to come?
Going into winter, should I expect a little demand destruction and orderly technical selling?
For the month of August, 70% of the September S&P Futures contracts occurred between 4422 & 4545.
The majority of the volume occurred at 4528.
Mid-August, ESU2023 rejected values below 4420, yet failed to break above its VAH. The last couple trading session of August, ESU2023 seems to have lost its upside momentum RIGHT AT the POC of 4528.
A high-volume push...
For the month of August, 70% of the October WTI Crude Oil volume occurred between $78.40 & $81.30.
The majority of the volume occurred at $80.00.
The late rally above $81.30 suggests that CLV2023 has rejected the August Value Area and is attracted to the liquidity level of $85.00, where the OI on the Options Calls exceed 12,000 contracts.
70% of the September WTI Crude (CLU2023) action has occurred between 80.50 and 83.50 so far for this month (August). A nice $3.00 range.
The Value Point of 82.00 represents the price level where the most volume has occurred so far.
![CLU2023: September WTI Crude Oil [ CLU2023 ] - Structure for August](https://s3.tradingview.com/q/qkQ5F47z_mid.png "September WTI Crude Oil [ CLU2023 ] - Structure for August")
