The range of volumetric resistance R1: 92.00-92.50 was formed during the selling trading scenario, which we described in the last review. The closing of the trading session below Monday's core already indicated the continuation of the correction from 92. The buyers in the next session (Tuesday) couldn't push the price above the core of the week, and the R1 range showed that the buyers didn't have enough liquidity to move the price above 92. Red Dots [big trades] 1-2-3-4 - activity of big sellers. The appearance of such large volumes on the seller side is predictable. If you look at the support levels from the last review, you will notice that before each volume support broke through, sellers were making large trades to move the price lower. Detecting such activity with filters and alerts warns you that the support level is under strong pressure and a buy scenario from that range is risky. The reversal activity on 10.11.2022 was confirmed by a delta outperformance on the part of the buyers and a throw-in of large Green Dots purchases. You will notice on the slide above that large volume purchases were made in the 86.50 to 87.50 range - which we have highlighted as an S1 volume support level. An additional level of buying activity is 85.50 to 86. Scenarios: 1 If the buyer fails to push the price above the R2 level - it is more profitable to make sell deals. 2 It is better to buy either after the breakdown of R2, or after the volume protection of the support level S1. The slide below shows the correlation between the CL and HG futures contracts. If it would be interesting to examine their correlation in details and what information can be used for making deals in these instruments - write in the comments. Author & trader: Mikhail Lemah VolFix Company