On a macro basis: On 4/29/20 we left a bullish reversal below—we have seen $115.13 from that open at $15.37 in the (N). On 5/5/20 we left a medium-term bullish reversal below. We have seen $107.05 from $23.45. We held exhaustion with a $34.04 low and rallied $96.46. The trade above $45.21 warned of renewed strength—we have seen $85.29 of this. We took out a major trendline at $55.15, which warned of significant strength. We have seen $75.35.The break above $57.45-8.02 projects this upward $56 minimum, $101 (+) maximum. We have attained $72.48.The sustained trade above $76.90-98 warned of $70 to the upside. We have seen $61.89 of higher trade from $68.61. The trade above $69.70 has brought in $60.80. The trade above $80.03 brought in $50.47. All of the above roll into the (X) and are OFF HOLD.
On a shorter-term basis: The trade below $119.15 brought in $37.95 of pressure. The trade below $115.90 projected this downward $8.85 (+). We attained $34.70. We held corrective exhaustion within at $114.05 and rolled over $32.85. The trade below $111.00 brought in $29.80 of pressure. The trade below $105.73 brought in $24.53 of pressure. The trade below $104.48 projects this down $9.30 minimum, $17.40 (+) maximum. We attained $23.28. The trade below $99.24 brought in $18.04 of pressure. The trade below $97.18 projects this down $4.70 minimum, $8.30 (+) maximum. We attained $15.98. We held exhaustion at $97.66 and rolled over $16.46.The trade below $95.76-40 brought in $14.20 of pressure. The maintained gap lower on 9/1 left a moderate bearish reversal above. All of the above roll into the (X) and are OFF HOLD. The trade below $87.30 (+5 tics per/hour) brought in $3.44 of the pressure warned about, although I did not suggest leaning against this as a short.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Crude and Energy/Gold/Bitcoin complex. 'Decent penetrations' are specific amounts provided to clients daily as well. If you are interested, please feel free to reach out.
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