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Saturday, June 05, 2021

🔥 Crude Oil: analytical review for 7-11.06.2021.

🔥 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.
💠 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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