CRUDE OIL STILL PROJECTED HIGHER for 5/6/20
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.Yesterday 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.Decent trade back below $20.63-48 will negate this and warn of a run for the $6.50 area again (although this would not be a projection, but a likelihood).
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.