On a macro basis: On 5/5 we left a medium-term bullish reversal below that warned of higher trade for days/weeks. We have seen $15.41 of this so far. We are likely now in a bullish correction/trend against the move down from $70.33—the next possible exhaustion area comes in at $43.81-94.
On a short-term basis: On 4/29 we left a bullish reversal below that warned of renewed strength, possibly for days—we have seen $21.06 of this so far. The decent trade above $26.72 (-.8 of a tic per/hour) warned of decent strength—we have seen $13.57 of this so far. Today has a good likelihood of being a range expansion day.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Crude and Energy/Gold 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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