Crude oil is overall bullish, but currently between contrary signals 2/23/22
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On a macro basis: On 4/29/20 we left a bullish reversal below—we have seen $80.45 from that open at $15.37 in the (N). The break above $57.45-8.02 projects this upward $56 minimum, $110 (+) maximum. We have attained $37.80.
On a short-term basis: I warned in the Post Market Synopsis that this is went out weak and warns of pressure, but we also left a gap higher, and still remain above a bullish pattern—so failing the gap, and a decent trade below $90.53 (-2 tics per/hour starting at 10:00am) is key to open up the downside—as it is, we are bouncing off the line a bit now and we are rejecting out of the gap a second time now, which is somewhat bullish—so we will have to see. CLICK HERE FOR FULL BLOG.
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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