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Heres a chart with more data. I wasn't going to post it so make of it what you will. I got caught up in a nice FTSE trade so it has gone to the bit bucket! I don't know the instrument but the volume struck me more high than ultra high but how long is a piece of string  Mind you the chart I post is the future rather than spot so maybe that accounts for some difference blue dot is WRB.
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Looks like a Euro Chart. Regarding the 8th bar in from right- Wouldn't this be the Gapping up Tom Williams talks about- rapid markup to discourage any longs to sell since they are now making $- he also refers to this as a path of least resistance to "bypass the tolls normally having to be paid to get to higher prices"