CRUDE OIL STILL BULLISH for 5/7/20
On 4/29 we left a short-term bullish reversal below that warned of renewed strength, possibly for days—we have seen $11.10 of this so far.Tuesday, we left a medium-term bullish reversal below that warns of higher trade for days/weeks.We have seen $3.00 of this so far. Trade back below $25.89 may bring in near-term profit taking. Decent trade below $22.58 will project this downward $3.50.
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.