On a macro basis: On 4/29/20 we left a bullish reversal below—we have seen $56.41 from that open at $15.37 in the (N20). The break above $57.45-8.02 projects this upward $56 minimum, $110 (+) maximum. We have attained $13.76.
On a short-term basis: I warned on 5/21 this was poised for higher trade—we have seen $8.71. Decent trade below $69.17 (+.5 of a tic per/hour starting at 9:00am) will project this downward $2.65 (+); but if we break below decently and back above decently, look for decent short covering. Decent trade above $72.01 (+1.3 tics per/hour starting at 9:00am) will warn of continued higher trade; but if we break above here decently and back below decently, look for decent pressure to come in.
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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