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Crude Oil is Bullish 7/12/21

On a macro basis: On 4/29/20 we left a bullish reversal below—we have seen $61.61 from that open at $15.37 in the (N). On 5/5/20 we left a medium-term bullish reversal below. We have seen $53.53 from $23.45. We held exhaustion below with a $34.04 low and rallied $42.94. On 11/3/20 we left a short-term bullish reversal below that warned of strength for days. On 11/16/20 we left a bullish reversal below. We have seen $34.66. The decent trade above $52.24 (+.5 of a tic per/hour) has brought in $24.74 of the strength warned about above. The break above $57.45-8.02 projects this upward $56 minimum, $110 (+) maximum. We have attained $18.96. These are ON HOLD.

On a short-term basis: I warned on 5/21 this was poised for higher trade—we have seen $13.91. These are ON HOLD. Decent trade below $73.71 (+1.2 tics per/hour) brought in $2.95 of the decent pressure warned about. This is ON HOLD. The decent trade back above $72.57, warned of decent renewed strength. We have seen $2.36 of this so far. If we further break above the $74.60 (+1.2 tics per/hour starting at 9:00am) line decently, I would look for continued strength. The maintained gap higher also warns of strength—however, after trading slightly higher on the re-open, we have come off steadily and are trading down in the gap. Decent trade below $73.00 will negate the bias from the gap. Today has a good likelihood of seeing range expansion.

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.

Commodities trading involves a substantial degree of risk and may not be suitable for all investors. Michael Moor does not guarantee profits and is not responsible for any trading losses of subscribers. No representation is made, stated or implied, that any investor will achieve results, profits or losses, even remotely similar to hypothetical results. Past performance is by no means indicative of future results. Information provided in this newsletter is not to be deemed as an offer or solicitation with respect to the sale of purchase of any securities or commodities. Any copy, reprint, broadcast or distribution of this report of any kind is strictly prohibited without the express written consent of Michael Moor. Michael Moor may execute transactions in a proprietary trading account that may be consistent or inconsistent with the contents of the newsletter. The content, statements, and viewpoints expressed in this publication are those of Michael Moor solely in his individual capacity and are not attributable to any person or entity other than Michael Moor

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