CRUDE OIL DIRECTION for 4/23/20
In the CRUDE (M):The decent trade below $26.06 (+1 tic per/hour) warned of continued pressure for $7.70 (+).We have seen $19.56 of this so far.A maintained gap higher today will leave a short-term bullish reversal below that will warn of decent higher trade, likely for days, but this will be more effective if we take out $20.19 in the process.Trade below $10.55-26 is a sign of renewed weakness.
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.