Light Crude Oil Futures
Short

Volume spread analysis CL1 OIL

Yesterday, trading volume increased significantly at the US EIA data on oil reserves (Crude build + 6.35MM, Exp. + 3.7MM). Quotes began to grow, but the volume resistance of sellers 67.85 - 67.30 fully covered the demand. As a result, at the end of the trading session, the price fell and is being traded near the local volume support of 66.00. We maintain a bearish mood on this instrument and expect support to break for opening short positions with a target level of 64.50!
Volumetric analysis chart in volfix
i.gyazo.com/f4e2a0a563099d4e0e32923da7019433.png
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