End of the bearish trend of the crude oil contract (CL!)
Hello and Welcome to our Daily Analysis, where we breakout the best course of action for a given price situation of a contract.
The main topic of today being the Crude oil price.
After a big bearish trend lasting the whole day, the situation is finaly getting back on track as the price is showing as significant bullsih uptrend again.
Why ? : 2 Big spikes in volumes, breaking the VWAP line with a lot of strength confirming the validity of the signal.
Nature of The movement : Bullish in a short term horizon, ( 1/2 days)
Best course of action :
If you're a seller : we don't recommend holding the contract(expect if you're willing to wait for the bullish movement to stop)
If you're a buyer : hold or buy more.
If you like our work, don't forget to follow and like us to support us as it would be very much appreciated !
The main topic of today being the Crude oil price.
After a big bearish trend lasting the whole day, the situation is finaly getting back on track as the price is showing as significant bullsih uptrend again.
Why ? : 2 Big spikes in volumes, breaking the VWAP line with a lot of strength confirming the validity of the signal.
Nature of The movement : Bullish in a short term horizon, ( 1/2 days)
Best course of action :
If you're a seller : we don't recommend holding the contract(expect if you're willing to wait for the bullish movement to stop)
If you're a buyer : hold or buy more.
If you like our work, don't forget to follow and like us to support us as it would be very much appreciated !