CRUDE OIL for 4/8/20
The $1.50 break below $43.32-33 projects this downward $23 minimum, $34 (+) maximum.We have seen $25.11 of this so far. THIS IS ON HOLD. The decent trade above $20.98 (-4.6 tics per/hour) projects this upward $6.40 (+) maximum. We have attained $8.15 so far. I said Monday that although we are likely in a macro bullish correction mentioned above against the move down from $64.39, on a lower time frame we are likely in a bearish correction against the move up from $19.27, which may bring in some choppy downward consolidation for a few days before (if) resuming higher trade).We held exhaustion at $23.52-34 with a $23.54 low and bounced $1.75 so far. 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.