Forex_Times

πŸ”₯ Crude Oil: will the growth ofusoil continue on March 8-12?

TVC:USOIL   CFDs on WTI Crude Oil
Over the past week, the total volume of the CME Group derivatives market for Crude Oil decreased by 1%.
🎯 Considering that we are already in the market maker's loss zone, the main scenario for the development of events is a correctional decline to the price mark 65.00 - 64.12, where the hedgers zone and the market maker's loss level are located.
πŸ“ˆ In case of a successful test of the indicated resistance, we expect a continuation of the medium-term rise to the price level of 67.51, where a downward order in volume of $ 5.9 million is located.
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🎯 Crude Oil: when will we return to the comfort zone of a market maker? 🌐 The level of limit sellers (67.66) is the closest resistance level for today.
The main scenario is a rebound from the specified resistance and a decline to the day's balance zone (66.11 - 65.00).
πŸ’‘ In case of breakdown and consolidation above the limit seller, the next growth target is a limit sell order in the volume of $ 7 million, located at the price mark 69.00.
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⚠️ Crude Oil: again we terminate the balance of the week πŸ”₯ The main scenario for the development of events on Tuesday is a rebound from the balance of the day (65.09) and a subsequent rise to the balance of the week (65.50).
🎯 In case of breakdown and consolidation above the specified option level, the ultimate growth target for today is the limit seller (65.91).
In an alternative scenario of the development of events - consolidation below 65.09, we expect a decline to the hedger support zone (64.00).
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πŸ”₯ Crude Oil: hedgers are picking up purchases, and you? πŸ’‘ Over the past day, the level of the limit seller (65.91), which we talked about in yesterday's trading idea, has successfully worked out.
🎯 The closest support level for today is the level of the weekly hedger support area.
The main scenario of the development of events is a breakdown of the specified support and a subsequent decline to the level of the market maker's loss (62.21), where a buy order with a volume of $ 11.7 million is located.
The nearest resistance is the option balance of the day (64.06).
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πŸ’  Crude Oil: will consolidation be higher than the weekly balance? πŸ“ˆ The closest support for today is the balance of the day (64.43).
πŸ“£ The main scenario for the development of events for today is a breakdown of the balance of the day and a decline to the limit buyer (63.74).
The nearest resistance for today is the limit seller (65.24).
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πŸ“ˆ Crude Oil: the price is trading near the maximum profit level πŸ“Œ The closest support level for today is the level of the option balance of the week (65.50).
πŸ’Έ In case of a successful test of the latter during the European session, we expect an increase to the limit seller (66.16).
A further upside target for the next trading week is the loss level of the seller of financial insurance for futures (67.61).
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