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Saturday, June 05, 2021

πŸ”₯ Crude Oil: analytical review for 7-11.06.2021.

πŸ”₯ Crude Oil: analytical review for 7-11.06.2021.


According to the current US Commodity Futures Trading Commission reports, the total Crude Oil derivatives market is up 7%.
♻️ Net bullish positions also increased by 7% over the last trading week, confirming Smart Money's intention to push the price of black gold further up.
An 11% increase in the investor's locked positions at the same time suggests a likely positioning of the asset prices in the price corridor on the daily timeframe during the first half of the new week.
πŸ’  In case of successful test of the market maker's balance (68.50), we expect upside with a far target: market maker's loss level (71.20).
In case of breakdown and fixation above the option level at 71.20, we expect a rise to the premium level (72. 01 ).
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