CRUDE OIL for 2/11/20
The break back below $59.96-84 warned of heavier pressure, likely down toward $51.00 (-). We have seen $10.54 of this so far, taking out $51.00 on 2/3. This is ON HOLD. Trade below $49.31 will take this off hold. I noted that there was an area of possible exhaustion below at $49.30-8.51—we held this with a $49.31 low and have bounced $2.89 into a lower timeframe bullish correction—this will be nullified with a break below $49.31.NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Crude and Energy/Gold complex. If you are interested, please feel free to reach out.