medium · Order Flow Analysis footprint-delta
A trader is monitoring Crude Oil (CL) near a previous support level of $72.50. The footprint shows 2,800 contracts trading at the bid at $72.50, while only 50 contracts trade at the offer at that same level. Despite this heavy selling, price does not trade below $72.50 and the bar eventually closes at $72.75.
What dynamic is occurring?
- A bearish breakout is imminent.
- Institutional distribution.
- Aggressive seller exhaustion.
- Passive institutional buying (Absorption).
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