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Saturday, April 17, 2021

🌐 Crude Oil: weekly analysis for April 19-23.

🌐 Crude Oil: weekly analysis for April 19-23.

WTI CRUDE OIL TVC:USOIL

✍️ Over the past week, black gold buyers, according to current CoT reports, have reduced the net bullish outperformance by 1% from a week ago.
Institutional investors anticipate a unidirectional move during the new trading week, reducing the number of locked positions by more than 5%.
Important medium-term resistance levels during the new trading week are the hedger zone premium level (63.55) and the market maker loss level (64.50).
⚠️ The main scenario for the coming week is the formation of the pattern to sell in the price range of 63.55-64.50 and the subsequent decrease with the target benchmark - the balance of the week 61.50.
The $14.5 million increase in positions on the upside additionally strengthens the level of the largest net profit of the marketmaker (61.50).
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