Crude Oil for 1/28/20
The break back below $59.96-84 warns of heavier pressure, likely down toward $51.00 (-) in the months ahead. We have seen $7.71 of this so far. Trade above $53.57-71 will warn of short covering; but if we break above $53.51 and back below, look for profit taking to come in. NOTE: this is just a small portion of the market calls I provide my clients twice daily, please feel free to reach out if you would like a free trial.