We can observe at the beginning of this week major shift in sentiment of the traders with Oil in their portfolio. As previous week still we saw money put on 130$, this week the last major level as Call Wall is at 100$. I would even include scenario that around that level we can go slightly higher due to Virgin VPOCs at 102 and 104.5 - still though it should be short-term run and only possible if wet closer to 100$ first.
So far we can observe downtrend on Oil. If 92.2$ will be broken, downtrend can continue. The next major Options and Darkpool markets Support lays at 80$. Before that there is no other level (so far) that can stop this move.
So far we can observe downtrend on Oil. If 92.2$ will be broken, downtrend can continue. The next major Options and Darkpool markets Support lays at 80$. Before that there is no other level (so far) that can stop this move.
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