Time of Analysis: Monday, May 5, 2025, 9:36 AM (Central European Summer Time, GMT+2)
Crude Oil futures exhibit a clear bullish momentum supported by robust buyer activity and delta strength, based on comprehensive order flow intel. Persistent positive cumulative delta and substantial bullish shifts in delta reveal a dominant bullish sentiment at current price levels.
Strong bullish delta developments at critical trading periods, notably at 01:51 and recent bars at 08:00 and 09:14.
Institutional activity is inferred from higher trade counts, particularly evident at the 08:00 bar, suggesting professional accumulation.
To sustain bullish momentum, price must remain above these critical intraday reference points:
Today's VAL: 55.96
Bullish Targets and Resistance Levels for Crude Oil Futures Today:
Subsequent Target (Potentially beyond today): 58.17
58.56: Slightly below Friday's VWAP
These levels represent significant resistance and are potential targets if bullish momentum persists.
Prediction Score: +6 (Moderate Bullish Bias, Strong Confidence)
Traders should watch carefully for price confirmation above VWAP (56.21) and VAL (55.96) to maintain a bullish bias.
Implement vigilant risk management around critical psychological price points to mitigate potential volatility or false breakout scenarios.
Disclaimer: orderFlow Intel from ForexLive.com (evolving to investingLive.com later this year) provides this oil market analysis as a decision support tool, not financial advice. Traders should independently verify all trade ideas, perform due diligence, and manage risks according to personal risk tolerance.
This article was written by Itai Levitan at www.forexlive.com. Read More Details
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