For the month of August, 70% of the October WTI Crude Oil volume occurred between $78.40 & $81.30.
The majority of the volume occurred at $80.00.
The late rally above $81.30 suggests that CLV2023 has rejected the August Value Area and is attracted to the liquidity level of $85.00, where the OI on the Options Calls exceed 12,000 contracts.
The majority of the volume occurred at $80.00.
The late rally above $81.30 suggests that CLV2023 has rejected the August Value Area and is attracted to the liquidity level of $85.00, where the OI on the Options Calls exceed 12,000 contracts.