Crude oil is overall bullish 1/19/22
Kitco Commentaries | Opinions, Ideas and Markets Talk
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On a macro basis: On 4/29/20 we left a bullish reversal below—we have seen $71.26 from that open at $15.37 in the (N). On 5/5/20 we left a medium-term bullish reversal below. We have seen $63.16 from $23.45. The break above $57.45-8.02 projects this upward $56 minimum, $110 (+) maximum. We have attained $28.61. The sustained trade above $76.90-98 warned of $70 to the upside over the next 18 months—this outlook would be negated with trade at $59.30. All the above we rolled into (H) from previous contracts.
On a short-term basis: We have seen $18.02 from the 12/17 close at $68.61. The trade above $71.36 (-1.5 per/hour) projects this upward $5.20 minimum, $9.00 (+) maximum. We have attained $15.27. The decent trade above $80.03 (+4 tics per/hour) warned of continued strength. We have seen $7.05 so far (in the (G) rolling into the (H)). The decent trade above $83.05 (+.6 of a tic per/hour) opens up the upside to even higher trade, likely for days. We have seen $4.01 so far. 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.
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