On a macro basis: On 4/29/20 we left a bullish reversal below—we have seen $73.17 from that open at $15.37 in the (N). On 5/5/20 we left a medium-term bullish reversal below. We have seen $65.09 from $23.45. The break above $57.45-8.02 projects this upward $56 minimum, $110 (+) maximum. We have attained $30.52. The sustained trade above $76.90-98 warned of $70 to the upside over the next 18 months—this outlook would be negated with trade at $59.30. All the above we rolled into (H) from previous contracts.
On a short-term basis: We have seen $19.93 from the 12/17 close at $68.61.The decent trade above $80.03 (+4 tics per/hour) warned of continued strength. We have seen $8.51 so far. I warned the decent trade above $84.58-82 warned of decent strength we have attained $3.72.I would be wary of possible extension exhaustion above at $88.50, $89.99-90.31 and higher.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Crude and Energy/Gold/Bitcoin complex. 'Decent penetrations' are specific amounts provided to clients daily as well. If you are interested, please feel free to reach out.
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