On a macro basis:On 4/29 we left a bullish reversal below that warned of renewed strength for days—we have seen $36.51 from that open at $14.98 in the (M).On 5/5 we left a medium-term bullish reversal below.We have seen $28.41 from $23.08.
On a short-term basis:We held exhaustion below with a $34.04 low and rallied $17.45. On 11/3 we left a short-term bullish reversal below that warned of strength for days.We have seen $13.23 of this so far.On 11/16 we left a short-term bullish reversal below.We have seen $9.43.The decent trade above $45.21 (-1 tic per/hour) warned of renewed strength—we have seen $6.28 of this. The decent break back above $47.92 (+.3 of a tic per/hour) has brought in $3.57 of the decent renewed strength warned about above.Failure back below the $49.83-43 general area should bring in renewed pressure again.Decent trade below $47.97 (+.6 of a tic per/hour starting at 9:00am) will project this downward $3.50 (+). I would also note that the $51.21-2.37 general area is a possible major exhaustion area for a correction against the move from $67.91 down to $2722.
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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