Crude oil is bullish 6/23/21
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
On a macro basis: On 4/29/20 we left a bullish reversal below—we have seen $58.35 from that open at $15.37 in the (N20). The break above $57.45-8.02 projects this upward $56 minimum, $110 (+) maximum. We have attained $15.70. On a short-term basis: Decent trade above $73.67 (+1.3 tics per/hour starting at 9:00am) should bring in continued higher trade; but if we break above here decently and back below decently, look for decent pressure to come in. Decent trade below $70.39 (+1 tic per/hour starting at 9:00am) will project this downward $3.20 (+); but if we break below here decently and back above decently, look for decent short covering to come in. Today has a good likelihood of seeing range expansion.
CLICK HERE FOR FULL ARTICLE.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Crude and Energy/Gold/Bitcoin complex. 'Decent penetrations' are specific amounts provided to clients daily as well. If you are interested, please feel free to reach out.
Commodities trading involves a substantial degree of risk and may not be suitable for all investors. Michael Moor does not guarantee profits and is not responsible for any trading losses of subscribers. No representation is made, stated or implied, that any investor will achieve results, profits, or losses, even remotely similar to hypothetical results. Past performance is by no means indicative of future results. Information provided in this newsletter is not to be deemed as an offer or solicitation with respect to the sale of purchase of any securities or commodities. Any copy, reprint, broadcast, or distribution of this report of any kind is strictly prohibited without the express written consent of Michael Moor. Michael Moor may execute transactions in a proprietary trading account that may be consistent or inconsistent with the contents of the newsletter. The content, statements, and viewpoints expressed in this publication are those of Michael Moor solely in his individual capacity and are not attributable to any person or entity other than Michael Moor