CRUDE OIL for 1/30/20
The break back below $59.96-84 warned of heavier pressure, likely down toward $51.00 (-) in the months ahead. We have seen $7.71 of this so far. However, I would note that there are areas of possible exhaustion below at $49.30-8.51 and lower, that have the potential to bring in a bullish correction. If we break below $52.15-13 and back above, this could also be an early signal of a bullish correction. NOTE: this is only a small portion of the market calls I provide in the energies to my clients twice daily, if you are interested, please feel free to reach out.