Crude oil is bullish 4/18/22
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 $115.13 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 $72.48.
On a shorter-term basis: We have seen $61.89 of higher trade from $68.61. We have seen $61.02 from $69.48. The trade above $71.36 attained $59.14.The trade above $80.03 brought in $50.47.The trade above $84.58-82 brought in $45.68. The trade above $89.36 brought in $41.14.The trade above $93.05 brought in $37.45.The trade above $93.75 brought in $36.45.These all roll into the (M) contract and are OFF HOLD.The decent trade above $99.05 (-4 per/hour) warned of continued strength—we have seen $8.96.The break above $99.30 (+1.7 tics per/hour) has brought in $8.71 of decent strength. Decent trade back below $104.08 (-2.5 tics per/hour) will warn of decent pressure. 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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