Crude Oil Prices Reflect Current Events: Tug-of-War Crude Oil FuturesNYMEX_DL:CL1!konhowWhenever two camps of traders simultaneously hold opposing bullish and bearish views with similar transaction sizes, they strike an equilibrium, creating the trading range we see here. In price action concepts, I term this range a "Tug-of-War" price behaviour between buyers and sellers. In such a competition, one side will ultimately claim victory, especially once the price breaks beyond a certain critical level. When that happens, the main market trend, which was previously uncertain, will suddenly reveal who is taking the lead. Why the crude oil is currently having this Tug-of-War behaviour? And who will subsequently take the lead? Micro WTI Crude Oil Futures and Options. Ticker: MCL Minimum fluctuation: 0.01 per barrel = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs https://www.tradingview.com/cme/