Buyers' net outperformance decreased by 8%, indicating a likely bearish move on the day.
🌐 Total market volume increased by 1%, indicating that institutional investors continue to gain bearish positions.
A 1% increase in locked-in investor positions on new CoT reports confirms the suggestion of a likely flattening of the asset's price range on the daily timeframe next week.
⚠️ An important resistance level is the weekly market maker loss level located at 1.1959.
In case this resistance level is reached, we expect formation of a sell pattern and subsequent decline with the nearest target being the balance of the week (1.1859).
In case of fixation below the indicated level, we expect the subsequent decrease to the level of the minimum profit of the marketmaker (1.1789).
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