End of the bearish trend of the crude oil contract (CL!) CRUDE OIL FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) MCX:CRUDEOIL1! Emporia-Consulting-Group Hello and Welcome to our Daily Analysis , where we breakout the best course of action for a given price situation of a contract. The main topic of today being the Crude oil price. After a big bearish trend lasting the whole day, the situation is finaly getting back on track as the price is showing as significant bullsih uptrend again. Why ? : 2 Big spikes in volumes, breaking the VWAP line with a lot of strength confirming the validity of the signal. Nature of The movement : Bullish in a short term horizon, ( 1/2 days) Best course of action : If you're a seller : we don't recommend holding the contract(expect if you're willing to wait for the bullish movement to stop) If you're a buyer : hold or buy more. If you like our work, don't forget to follow and like us to support us as it would be very much appreciated !