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That's what I was thinking, and that's one way to look at it. But from this perspective, CL is in fact returning to value, if we are considering value as value established last week (using all trading hours to more easily show today's activity so far) :
If you were to scroll further back and look at earlier this year, CL is trading in an area with previously established value and that's another perspective to look at (I just don't have that much data to look at right now so I can't see it at the moment).
So, if the VWAP is a consensus of Sunday's value so far, yes, we are rejecting a running measure of value, but the profile so far shows no agreement on any prices in particular as more or less fair, so CL seems to have searched above last week's fair prices, found few buyers, and quickly rejected those prices, and has returned to a more "comfortable" and fair area--in this perspective, it has returned to value, and is not moving away from it. 96.40 to 96.90 would be a reasonable range for it to find comfortable at this point.
Can you help answer these questions from other members on NexusFi?
Play a game...who can get the most memory usage out of NT before there PC crashes
P.S iv got white charts now
Im liking the clarity and it seem to be work for me so far today
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"