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Saturday, May 15, 2021

🌐 Crude Oil: medium term analysis for May 17-21.

🌐 Crude Oil: medium term analysis for May 17-21.


✍️ According to the current CoT reports, the buyers' preponderance has decreased by 1%.
Market volume has declined by 1%, suggesting a corrective nature of the decline on the daily timeframe .
The high volatility inside the coming trading week is suggested by a 1% decrease in investors' locked positions.
The nearest support on the daily is the price range of 64.00-63.37, where the balance of the week and the premium level of the hedge zone is located.
πŸ‘‰ In case of pattern formation on purchasing and fixation above the level of 64.00, we expect the continuation of medium-term growth with the benchmark - downside positions increase at the price level of 67.00
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