CRUDE OIL for 4/13/20
The break back below $60.98 warned of heavy pressure toward $51.00 (-).We have seen $42.77 of this so far, taking out $51.00 on 2/2. The break below $43.32-33 projects this downward $23 minimum, $34 (+) maximum.We have seen $25.11 of this so far.THESE ARE ON HOLD. The decent trade above $20.98 (-4.6 tics per/hour) projected this upward $6.40 (+) maximum.We have attained $8.15 so far.This is also ON HOLD. The decent trade below $23.87 projects this downward $4.40 (+) based off an ‘ok’ formation; but if we break back above decently, look for decent short covering to come in.This will come in at $23.96 (+.4 of a tic per/hour starting at 9:00am).Decent trade above $26.98 (-2 tics per/hour starting at 9:00am) will project this upward $5.20 minimum, $13.70 (+) maximum based on an ‘ok’ formed formation. NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Crude and Energy/Gold complex. 'Decent penetrations' are specific amounts provided to clients daily as well. If you are interested, please feel free to reach out.