Crude Oil for 1/24/20
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 $3.26 of this before holding the $54.85-84 possible exhaustion level below with a $54.77 low and rallying $1.18. 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 $58.19 (+.4 of a tic per/hour starting at 9:00am). NOTE: this is only a small portion of the Crude Oil market calls I provide to my clients twice daily, and cover the rest of the Energy complex and Gold. Please feel free to reach out for a free trial if you are interested.