Oil shift to downtrend? Options and AI whispers
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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