On a macro basis:On 4/29 we left a bullish reversal below that warned of renewed strength for days—we have seen $38.95 from that open at $14.98 in the (M).On 5/5 we left a medium-term bullish reversal below.We have seen $30.85 from $23.08.Theseare ON HOLD.
On a short-term basis:We held exhaustion below with a $34.04 low and rallied $19.89. On 11/3 we left a short-term bullish reversal below that warned of strength for days.We have seen $15.28 of this so far.On 11/16 we left a short-term bullish reversal below.We have seen $11.60.The decent trade above $45.21 (-1 tic per/hour) warned of renewed strength—we have seen $8.72 of this. The decent break back above $47.92 (+.3 of a tic per/hour) has brought in $6.01 of the decent renewed strength warned about above.These are ON HOLD. The break above $52.88-79 and back below brought in 50 tics of the pressure warned about overnight before rallying. Decent trade above $53.36-37 will project this upward $1.90 (+); but if we break above here decently and back below decently, look for decent pressure to come in. Decent trade below $49.66 (+.6 of a tic per/hour starting at 9:00am) will project this downward $5.60 (+). NOTE: the RBOB has broken above a bullish formation…
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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