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.
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.
Bullish Confirmation Level: VAH at 59.94
Immediate Support: VWAP at 59.72, then POC at 59.64
Lower Support (Bearish Threshold): VAL at 59.34
Trade cautiously and always manage risk appropriately.
-10: Extremely bearish, strong selling imbalance
0: Neutral, indecisive or balanced market conditions
+6 (Current Analysis): Moderately bullish with increasing buyer confidence and clear positive price action signals
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. Read More Details
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