Today, CL is trading just above a key mid-structure zone, continuing its sideways movement between defined supply and demand levels.
🔹 Current Technical Picture:
Price remains inside a compression range
Resistance at the top red zone where price was rejected yesterday
Mid green zone acting as current structure support
Lower green zone marked by last week's strong buyer reaction
Volume profile is neutral, showing no aggressive buyer or seller dominance at the moment. A failed breakout attempt above the descending channel in the previous session keeps this structure coiled and reactive.
🔍 My Outlook:
If price retests the middle zone with strong volume + bullish reaction, it could offer a continuation toward resistance.
If price climbs into the red zone and rejects with weakness, there’s potential for a move back toward the middle zone.
A sharp drop into the lower green zone with strong buyer confirmation would create a high-reward reversal opportunity.
No trades are taken blindly. I only act when price shows clear intent at key levels. Today is a reactive environment — not one for forced setups.
📉 Analysis based on volume structure, order flow, and key S/R zones.
⚠️ This post is for educational purposes only and does not constitute financial advice. Trading futures involves risk.
🔹 Current Technical Picture:
Price remains inside a compression range
Resistance at the top red zone where price was rejected yesterday
Mid green zone acting as current structure support
Lower green zone marked by last week's strong buyer reaction
Volume profile is neutral, showing no aggressive buyer or seller dominance at the moment. A failed breakout attempt above the descending channel in the previous session keeps this structure coiled and reactive.
🔍 My Outlook:
If price retests the middle zone with strong volume + bullish reaction, it could offer a continuation toward resistance.
If price climbs into the red zone and rejects with weakness, there’s potential for a move back toward the middle zone.
A sharp drop into the lower green zone with strong buyer confirmation would create a high-reward reversal opportunity.
No trades are taken blindly. I only act when price shows clear intent at key levels. Today is a reactive environment — not one for forced setups.
📉 Analysis based on volume structure, order flow, and key S/R zones.
⚠️ This post is for educational purposes only and does not constitute financial advice. Trading futures involves risk.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.