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Crude Oil


The break back below $59.96-84 warned of heavier pressure, likely down toward $51.00 (-) in the months ahead. We have seen $4.27 of this so far. The decent trade below $58.03 (+.4 of a tic per/hour) warned of continued pressure for $1.35 minimum, $8.20 (+) maximum. We have attained $2.46 of this. If we break back above decently, look for decent short covering to come in toward $59.75 (+) and even a likely run toward $65.40 (+). This will come in at $58.11 (+.4 of a tic per/hour starting at 9:00am). NOTE: this is just a small portion of the market calls I provide my clients twice daily, and does not include penetration amounts or a number of the other calls. Please feel free to reach out if you are interested.