The author uses the VolFix trading and analytical platform.
Main methodology — Volume Analysis / Price Action / Market Profile
A review of volume-based support and resistance levels for the CL futures contract — 20.10.2026.
The levels were formed over the period from 12.10.2026 to 20.10.2026.
On 16 October, a strong volume-based support level formed within an ascending channel. Buyers controlled the price around the support range of 94.9–95.3. This established an overall volume-based support range of 94.9–95.9.
On 19 October, during the European and American trading sessions, buyer activity was strong enough to hold the price during the correction after the breakout above the high of 97.
On 20 October, note the volume-based resistance range of 99.7–101. This resistance formed near Deviation 2 and the price of 100 dollars per barrel of oil.
