{"id":2440,"date":"2023-04-19T09:05:22","date_gmt":"2023-04-19T09:05:22","guid":{"rendered":"https:\/\/blog.lmitrade.com\/?p=2440"},"modified":"2023-04-19T09:05:22","modified_gmt":"2023-04-19T09:05:22","slug":"cl-jun23-saudi-aramco-oil-gas","status":"publish","type":"post","link":"https:\/\/blog.lmitrade.com\/en\/2023\/04\/19\/cl-jun23-saudi-aramco-oil-gas\/","title":{"rendered":"CL: JUN23 Saudi Aramco > Oil &#038; Gas >"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.elitetrader.com\/et\/attachments\/upload_2023-4-19_11-55-5-png.312308\/\" \/><\/p>\n<p>At the moment, there is an interesting combination in crude oil.<br \/>\nThe first days of liquid trading of the\u00a0<b>JUN<\/b>23 futures contract.<br \/>\nJust above you can examine the slide.<br \/>\nHere is the\u00a0<b>CHART:: Classic Profile Chart \/ Delta by price TF:: Day<br \/>\nTotal H&amp;P.Histograms Volume\/Delta Open Interest yellow\/gray line<\/b><\/p>\n<p>The current trading session landed on the volume support at\u00a0<b>80-80.50<\/b>, which was formed in the last contract. The level is marked on the slide.<br \/>\nAnd the quote is at the\u00a0<b>GAP RANGE (on slide)<\/b>.<\/p>\n<p>Judging by the data of the current trading session &#8211; not many buyers, but large oil traders&#8217; interest in the current price has appeared sharply, which is confirmed by the total of\u00a0<b>Hidden Ticks (point1)<\/b>.<\/p>\n<p>The first trading sessions of the June contract demonstrate that aggressor selling liquidity prevails, but will their activity be as effective in bringing the price below $80 a barrel.<\/p>\n<p>It&#8217;s worth bearing in mind that it&#8217;s Eid all week in Saudi Arabia. The stories that Arab men are not hyper hard-working are not a myth.\u00a0<b>Lionsgate\u00a0<\/b>have even made a film based on the novel\u00a0<b>&#8221;A Hologram for the King&#8221;<\/b>\u00a0by Dave Eggers, starring Tom Hanks.<\/p>\n<p>As long as the Middle East celebrates Uraza Bayram all week, the price per barrel of oil is unlikely to move below 79-80.\u00a0<b>OPEC daily basket price &#8211; $86.40<\/b>\u00a0<b><a class=\"externalLink\" href=\"https:\/\/www.opec.org\/opec_web\/en\/data_graphs\/40.htm\" target=\"_blank\" rel=\"noopener\">opec website<\/a><\/b>\u00a0&gt;&gt;<\/p>\n<p><a class=\"externalLink\" href=\"https:\/\/volfix.net\/\" target=\"_blank\" rel=\"noopener\">VolFix<\/a>\u00a0Company \/ author &amp; trader:\u00a0<a href=\"mailto:mihaillemah@gmail.com\">Mikhail Lemah<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At the moment, there is an interesting combination in crude oil. The first days of liquid trading of the\u00a0JUN23 futures contract. Just above you can examine the slide. Here is the\u00a0CHART:: Classic Profile Chart \/ Delta by price TF:: Day Total H&amp;P.Histograms Volume\/Delta Open Interest yellow\/gray line The current trading session landed on the volume support at\u00a080-80.50, which was formed in the last contract. The level is marked on the slide. And the quote is at the\u00a0GAP RANGE (on slide). Judging by the data of the current trading session &#8211; not many buyers, but large oil traders&#8217; interest in the current price has appeared sharply, which is confirmed by the total of\u00a0Hidden Ticks (point1). The first trading sessions of the June contract demonstrate that aggressor selling liquidity prevails, but will their activity be as effective in bringing the price below $80 a barrel. It&#8217;s worth bearing in mind that it&#8217;s Eid all week in Saudi Arabia. The stories that Arab men are not hyper hard-working are not a myth.\u00a0Lionsgate\u00a0have even made a film based on the novel\u00a0&#8221;A Hologram for the King&#8221;\u00a0by Dave Eggers, starring Tom Hanks. As long as the Middle East celebrates Uraza Bayram all week, the price per barrel of oil is unlikely to move below 79-80.\u00a0OPEC daily basket price &#8211; $86.40\u00a0opec website\u00a0&gt;&gt; VolFix\u00a0Company \/ author &amp; trader:\u00a0Mikhail Lemah<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39],"tags":[145,119,147],"class_list":["post-2440","post","type-post","status-publish","format-standard","hentry","category-analytics","tag-analytics","tag-article","tag-volfix-academy"],"aioseo_notices":[],"jetpack_featured_media_url":"","acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/posts\/2440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/comments?post=2440"}],"version-history":[{"count":1,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/posts\/2440\/revisions"}],"predecessor-version":[{"id":2441,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/posts\/2440\/revisions\/2441"}],"wp:attachment":[{"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/media?parent=2440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/categories?post=2440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/tags?post=2440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}