medium · Order Flow Analysis footprint-delta
The overnight high in CL is $73.50. Price rallies to $73.50 and stalls. The footprint shows three consecutive bars where the COT is located at $73.48, 73.49, 73.50. Δ for all three bars is slightly negative.
What is the institutional activity?
- Retail traders are confused and simply churning at this round number.
- The market is patiently waiting on a scheduled news catalyst before exploring higher prices.
- Passive sellers are consistently absorbing every attempt to break the overnight high.
- Aggressive buyers are quietly 'building a cause' to explode through the overnight high soon.
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