CRUDE OIL PRICE for 4/22/20
On a macro basis: The decent trade below $29.88 has brought in $23.38 of the pressure warned about.
On a short-term basis: The decent trade below $26.06 (+1 tic per/hour) warned of continued pressure for $7.70 (+). We have seen $19.56 of this so far. I warned in the Post Market Synopsis that the solid buying off the low warns of follow-through before (if) resuming lower trade—we saw $2.62 of this before rolling over.
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.