CL futures closed 0.9% higher amid strong equity market rallies in energy stocks. Positive sentiment in related equities frequently supports futures pricing through correlation in investor portfolios. Tomáš Weiss, associate professor of international relations at Charles University in Prague, said he would expect Babiš to apply a pragmatic approach to the EU due to his business interests. Babiš might be a vocal EU critic at home but would not present big obstacles in Brussels, he said. 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: VAL (Value Area Low): 61.14 VWAP: 61.89 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: 60.18 – Value Area Low of April 8 (partial profit-taking zone) 59.59 – Value Area Low of April 7 (round number confluence with 60.00) 58.40–58.20 – Yesterday’s VWAP at close and Value Area High 57.40 – Yesterday’s POC 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. Always manage your own risk. For broader market coverage and macro-level updates, visit ForexLive.com. If you’re active in stocks—whether looking for long-term buys or short-term trading setups — join the investingLive Stocks Telegram Channel for real-time trade leads and insights. Today’s CL futures volume exceeded 450,000 contracts, a sign of elevated institutional participation. High liquidity in the contract often precedes sharp price moves, making next week’s inflation data a pivotal macro driver.
