Thus far, the low at 44.22 has held. Yes, we had an intraday spike below but – note – it closed above 44.22 and then ripped for a nice signal reversal candle to the upside and believe we could target 76-77 w/ 60-61 as initial resistance.
Crude “should” target 76-77 as a bounce target.
Will be difficult to achieve near term with silver and gold looking somewhat weak again.
Bill — great point. On that note – this entire market is difficult to say the least! Thanks for visiting …
Hi Bart,
I’m on the same page regarding a potential bounce in crude.
Hope all is well.
Malcolm
Malcolm M. Trevillian, CFA CMT Verity Asset Management 280 South Mangum Street Suite 550 Durham, NC 27701 919-489-8181
Malcolm — how are you? Great to hear from you and hope all is well. It hit the target rather nicely and now has a technical daily signal reversal. let’s touch base and talk the markets when you get the chance! In Raleigh a bunch for my new gig …