The break back below $60.98 warned of heavy pressure toward $51.00 (-).We have seen $41.78 of this so far, taking out $51.00 on 2/2. The decent trade below $45.55 has brought in $26.35 of the pressure warned about below so far. The break below $43.32-33 projects this downward $23 minimum, $34 (+) maximum.We have seen $24.12 of this so far.THESE ALL ROLL INTO THE (M) CONTRACT. The decent trade below $29.88 projects this downward $4.15 (+). We have seen $4.95 in the (M). The decent trade below $26.06 (+1 tic per/hour) now warns of continued pressure for $7.80 (+) based off an ‘ok formed’ pattern; but if we break back above decently, look for decent short covering to come in—this will come in at $26.26 (+1 tic per/hour starting at 9:00am). NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Crude and Energy/Gold 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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