Crude Oil Futures Order Flow Intel: Bullish Momentum Building (Prediction Score: +6)
Crude oil futures (current price: 59.82) are showing early signs of a bullish reversal. The professional order flow intel analysis identifies strong buyer interest emerging at current price levels after sustained earlier selling.
Why a Prediction Score of +6?
The bullish bias of +6 (Moderately Bullish, Increasing Confidence) comes from the notable shift from seller dominance to buyer control at critical levels. Price has recently reclaimed and held above a previously important resistance (59.48), strengthening the bullish scenario. The price is also maintaining above immediate support at VWAP (59.72) and POC (59.64), both crucial levels watched closely by professional traders. However, a sustained move above the upper boundary (VAH at 59.94) is essential to confirm a stronger bullish breakout.
Key Levels to Watch:
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Bullish Confirmation Level: VAH at 59.94
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Current Price: 59.82
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Immediate Support: VWAP at 59.72, then POC at 59.64
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Previous Important Level: 59.48 (bullish if price remains above)
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Lower Support (Bearish Threshold): VAL at 59.34
Traders should look for a decisive move above the bullish confirmation level (VAH at 59.94) for stronger bullish confidence. Conversely, failure to hold above support levels at VWAP and POC would weaken the bullish outlook.
Trade cautiously and always manage risk appropriately.
The ForexLive.com orderFlow Prediction Scoring System:
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-10: Extremely bearish, strong selling imbalance
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-5: Moderately bearish, clear seller control but some buyer activity
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0: Neutral, indecisive or balanced market conditions
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+5: Moderately bullish, clear buyer control with some seller presence
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+6 (Current Analysis): Moderately bullish with increasing buyer confidence and clear positive price action signals
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+10: Extremely bullish, strong buying imbalance
This scoring system provides traders a clear directional bias and integrates professional-level order flow analysis to identify market shifts early.
This article was written by Itai Levitan at www.forexlive.com.
