Crude Poised for Pressure Within Consolidation 8/28/20

On a macro basis: On 4/29 we left a bullish reversal below that warned of renewed strength, possibly for days—we saw $21.14 of this, rolled into (V). On 5/5 we left a medium-term bullish reversal below that warned of higher trade for days/weeks. We have seen $15.49 of this so far, rolled into (V). These are now ON HOLD. I would NOTE: that there are two major pictures being played out: 1.) the decent break above $36.46 projects this upward $13.20 (+), of which we have attained $7.20 so far, but will not be negated until this trades $33.15; and 2.) on the way up there are major areas of possible exhaustion to contend with which come in at $46.19-43 and higher.
On a short-term basis: The decent trade above $42.79-81 brought in 97 tics of the higher trade warned about before failing back below $43.67-68. This is now ON HOLD. The decent trade below $43.25 warns of decent profit taking. Decent trade back above will take bull calls OFF HOLD. Decent trade above $44.12-14 will project this upward $2.40 minimum, $5.90 (+) maximum; but if we break above here decently and back below decently, look for decent pressure. Decent trade below $42.63-61 should bring in renewed pressure.
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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