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Wednesday, March 24, 2021

❌ Crude Oil: will the market maker stop the decline?

❌ Crude Oil: will the market maker stop the decline?

WTI CRUDE OIL TVC:USOIL

⚠️ 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).
πŸ“Œ 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).
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