CRUDE OIL PRICE for 4/20/20
On a macro basis: The break back below $60.98 warned of heavy pressure.We have seen $46.99 of this so far. The break below $43.32-33 projects this downward $23 minimum, $34 (+) maximum.We have seen $29.3 of this so far (all of the above in the (K) contract). On a short-term basis: The decent trade below $29.88 has brought in $7.17 of the pressure warned about. The decent trade below $26.06 (+1 tic per/hour) now warns of continued pressure for $7.70 (+) based off an ‘ok formed’ pattern.We have seen $3.35 of this 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 complex. 'Decent penetrations' are specific amounts provided to clients daily as well. If you are interested, please feel free to reach out.