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Crude Oil is Overall Bullish 1/19/22

On a macro basis: On 4/29/20 we left a bullish reversal below—we have seen $71.26 from that open at $15.37 in the (N). On 5/5/20 we left a medium-term bullish reversal below. We have seen $63.16 from $23.45. The break above $57.45-8.02 projects this upward $56 minimum, $110 (+) maximum. We have attained $28.61. The sustained trade above $76.90-98 warned of $70 to the upside over the next 18 months—this outlook would be negated with trade at $59.30. All the above we rolled into (H) from previous contracts.

On a short-term basis: We have seen $18.02 from the 12/17 close at $68.61. The maintained gap higher on 12/18 left a minor bullish reversal below—we have seen $17.15 from the $69.48 open. The trade above $69.70 warned of decent strength—we have seen $16.93. The trade above $71.36 (-1.5 per/hour) projects this upward $5.20 minimum, $9.00 (+) maximum. We have attained $15.27. I will update all of the above gains this afternoon. The decent trade above $80.03 (+4 tics per/hour) warned of continued strength. We have seen $7.05 so far (in the (G) rolling into the (H)). The decent trade above $83.05 (+.6 of a tic per/hour) opens up the upside to even higher trade, likely for days. We have seen $4.01 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/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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