The break back below $60.98 warned of heavy pressure, likely down toward $51.00 (-). We have seen $17.66 of this so far, taking out $51.00 on 2/2. This is now ON HOLD. I said in the Post Market Synopsis that we left a short-term bullish reversal below yesterday that warns of continued higher trade. We have seen $1.91 of this so far. Decent trade below $45.55 will negate the bullish reversal and reinstate bearishness. 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.
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