Here’s what we’re seeing from the latest CME block trade data & CME report:
🐻 Confirmed & Detailed Bearish Sentiment
Big players are actively hedging and betting on a drop.
Block trades are targeting key downside levels:
$62.50 , $55.00 , and even as low as $45.00 .
This isn’t noise — it’s institutional conviction.
🐂 Strong Bullish Resistance
At the same time, there’s heavy buying in:
Long futures
Bullish call spreads (1,000+ contracts)
This tells us: there are serious buyers stepping in, targeting $67.50–$72.50 .
They don’t believe in the bear case — and they’re backing it with real money.
🧭 Market at a Bifurcation Point
The presence of massive, conflicting block trades is a clear sign:
The market is preparing for a big move — up or down.
“Smart money” isn’t betting on sideways action.
They’re positioning for breakout volatility .
📊 Final Forecast
Oil is under strong bearish pressure.
That makes a downward scenario more likely in the medium term .
BUT — there’s strong support from big buyers stepping in around $64–$65 .
So the most probable path?
A high-volatility phase , with attempts to test both:
Upper targets (bullish side)
Lower support zones (bearish side)
🔑 Key Battle Zone: $62 – $68
This range will be critical in the days ahead.
Break it — and we’ll know which side is in control.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.