Crude Oil Futures Analysis: Selling Pressure Dominates as Order Flow Confirms Reversal
Crude Oil Futures (CL) are firmly in sell mode today, with price action confirming a decisive rejection from the highs earlier in the session. Order flow data made the bearish shift clear, and sellers have taken control.
After printing the intraday high around 02:08 platform time, order flow stats revealed significant bearish signs. Despite an earlier bar showing strong buying (with a delta above +100), the very next bar turned negative in delta and structure—closing below its own high-volume node. Most importantly, buyers stopped showing interest at the lows: Delta SL values turned to zero or negative across multiple bars, confirming that bulls were no longer defending the downside.
From there, CL began breaking down.
The price has since crossed decisively below the Value Area Low, POC, and VWAP. At the time of this analysis:
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VAL (Value Area Low): 61.14
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VWAP: 61.89
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POC: 61.96
As long as CL holds beneath that 61.14 VAL, the pressure remains downward. The VWAP’s slope has turned lower, and price is now trading below both volume and value references.
Bearish Outlook and Target Zones
Sellers now eye lower levels for continuation. Key profit-taking or reaction zones include:
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60.18 – Value Area Low of April 8 (partial profit-taking zone)
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59.59 – Value Area Low of April 7 (round number confluence with 60.00)
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58.40–58.20 – Yesterday’s VWAP at close and Value Area High
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57.40 – Yesterday’s POC
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55.42 – Yesterday’s Value Area Low
These levels offer reasonable stepping stones for downside continuation. Traders short from higher levels may consider managing risk through scaling out near round numbers and key historical value points.
The structure remains bearish until buyers return at lower levels or CL reclaims the value area.
Note: This is not financial advice
