Crude oil is bearish, but watch gas oil major formation 8/2/22 kitconews gold silver investing mining economics metals finance
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 . On 5/5/20 we left a medium-term bullish reversal below. We have seen $107.05 from $23.45. We held exhaustion below with a $34.04 low and rallied $96.46. The trade above $45.21 warned of renewed strength—we have seen $85.29 of this. The trade above $52.24 has brought in $78.26 of the strength warned about above. We took out a major trendline at $55.
On a shorter-term basis: The trade below $119.15 brought in $30.92 of pressure. The trade below $115.90 projected this downward $8.85 . We attained $27.67.We held corrective exhaustion within at $114.05 and rolled over $25.82.The trade below $111.00 brought in $22.77 of pressure. The trade below $105.73 brought in $17.50 of pressure. The trade below $104.48 projects this downward $9.30 minimum, $17.40 maximum. We attained $16.25.These are OFF HOLD.
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.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold is bullish, broke above a major pattern 8/2/22Gold is bullish, broke above a major pattern 8/2/22 kitconews gold silver metals mining finance investing economics
Read more »
Natural gas is bearish but holding exhaustion 8/2/22Natural gas is bearish but holding exhaustion 8/2/22 kitconews gold silver finance economics investing mining metals
Read more »
Natural gas is bearish but holding exhaustion 8/2/22Natural gas is bearish but holding exhaustion 8/2/22 kitconews gold silver finance economics investing mining metals
Read more »
Gold is bullish, broke above a major pattern 8/2/22Gold is bullish, broke above a major pattern 8/2/22 kitconews gold silver metals mining finance investing economics
Read more »
BP's surging oil profits stir political recriminations in UK - BNN BloombergIf you want an illustration of the political perils of making huge oil and gas profits in the UK, look no further than a £400 charitable donation from the boss of BP.
Read more »
Kings and West Hants court report: Aug. 2, 2022 | SaltWireExplore stories from Atlantic Canada.
Read more »