Hi all.

Here I show how the previous week volumes work.

First of all we have to find the most heavy levels of the previous week and draw these levels on the combo bar chart to see where are we according to the previous week max. volume level. It will help to determine the most preferable trend for this week.

Here is volume rating


Yet another table to verify


Then we put these levels on the combo chart.

In this case the current week opened between previous week levels, so we have to wait for the price to break one of the bounds and then we trade if we have confirmation.

Today as a confirmation we had AM London fixing @ 848.50 and also we dont forget about this price that we met twice in volume rating tables.

Duting London session price goes under the lower week volume range. This fact also gives us the grounds to play short. Also it is confirmed by fixing price set @ 848.50.

Sell @ 848.50 SL - 851.00