USOIL option sentiment based on CME data analysis
A big "butterfly" was detected in the January oil contract, which is a directional strategy with a target of $90, also known as the previous local maximum.
It's important to note that this strategy appeared after a 4.7% decrease and when the 90 price was significantly lower and oversold for our mysterious participant, let's call him "X".
*********To summarize, such a situation can be interpreted as clearly positive. However, it is worth waiting for additional confirming factors. Do not hurry to open longs right now!
It's important to note that this strategy appeared after a 4.7% decrease and when the 90 price was significantly lower and oversold for our mysterious participant, let's call him "X".
*********To summarize, such a situation can be interpreted as clearly positive. However, it is worth waiting for additional confirming factors. Do not hurry to open longs right now!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
ALL-in-ONE Free Platform For Your Market Edge WWW.CLASHCHARTS.COM
TG CHANNEL t.me/clashcharts - No VIP/No Signals- Only Rationale Market Ideas and Insiders' Hidden Insights
TG CHANNEL t.me/clashcharts - No VIP/No Signals- Only Rationale Market Ideas and Insiders' Hidden Insights
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.