Crude Oil is Overall Bullish, but not Coming in Strong on the Day 3/24/22
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). The break above $57.45-8.02 projects this upward $56 minimum, $110 (+) maximum. We have attained $72.48.
On a short-term basis: The trade above $93.05 brought in $37.45.The trade above $93.75 brought in $36.45. We held exhaustion at $92.52 with a $92.20 low and have bounced into a bullish correction or trend against the move down from the $126.42 high. On 3/17 we left a minor bullish reversal below. The last area of corrective exhaustion above comes in at $117.21-20.17, which is broken up into two areas (if this is a correction against the move down from the highs and not a trend—although this looks more trending in nature). We came shy of the lower of these with a $116.64 high and are rolling over a bit.
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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