Crude Oil Futures (CL) are firmly in sell mode today, with price action confirming a decisive rejection from the highs earlier in the session. Order flow data made the bearish shift clear, and sellers have taken control.
From there, CL began breaking down.
VAL (Value Area Low): 61.14
POC: 61.96
Bearish Outlook and Target Zones
60.18 – Value Area Low of April 8 (partial profit-taking zone)
58.40–58.20 – Yesterday’s VWAP at close and Value Area High
55.42 – Yesterday’s Value Area Low
The structure remains bearish until buyers return at lower levels or CL reclaims the value area.
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This article was written by Itai Levitan at www.forexlive.com.Hence then, the article about crude oil analysis for today was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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