CL trading day Sep 28 2017 AM

posted in: Market Conditions 0

CL Contextual Factors for September 28 2017

  1. Monthly one time framing up. Breakout of short term balance.
  2. Weekly one time framing up. Breakout of balance.
  3. Daily balance ( 3-Day). High 52.28 Low 51.13.
  4. Previous day poor and weak high at 52.26 ( Market too Long ? ).
  5. Previous day low volume.
  6. Previous day prominent POC at 52.10.
  7. Short term inventory long.
  8. Overnight inventory long.
  9. Last 3 days dominated by weak buying.

 

Initial Focus :

Overnight High 52.86

Day Balance High 52.28