{"id":11648,"date":"2015-03-16T19:40:46","date_gmt":"2015-03-16T23:40:46","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=11648"},"modified":"2015-03-16T19:40:46","modified_gmt":"2015-03-16T23:40:46","slug":"crude-breaks-support-2","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/16\/crude-breaks-support-2\/","title":{"rendered":"Crude breaks support"},"content":{"rendered":"<p>Nymex light crude (April 2015 contract) broke support at $45\/barrel, warning of a decline to $35\/barrel*.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"400\" alt=\"Nymex WTI Crude\" title=\"Nymex WTI Crude\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-17-crude.png?resize=525%2C400&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 45 &#8211; ( 55 &#8211; 45 ) = 35<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nymex light crude (April 2015 contract) broke support at $45\/barrel, warning of a decline to $35\/barrel*. * Target calculation: 45 &#8211; ( 55 &#8211; 45 ) = 35<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[44,19,34],"tags":[2529],"class_list":["post-11648","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","category-middle-east","category-us-canada-countries-regions","tag-nymex-wti-light-crude"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crude breaks support - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crude breaks support - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Nymex light crude (April 2015 contract) broke support at $45\/barrel, warning of a decline to $35\/barrel*. * Target calculation: 45 &#8211; 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Breach would signal a decline, with a medium-term target of $35\/barrel*. * Target calculation: 45 - ( 55 - 45 ) = 35 Saturation of available storage capacity (see Crude in Contango) is expected to force sellers into\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Nymex WTI Light Crude and Brent Sweet Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-12-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-12-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-12-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15440,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/06\/12\/crude-tests-support-at-45barrel\/","url_meta":{"origin":11648,"position":1},"title":"Crude tests support at $45\/barrel","author":"ColinTwiggs","date":"June 12, 2017","format":false,"excerpt":"Nymex Light Crude is testing support at $45\/barrel. Breach would offer an immediate target of $40. Follow-through below $40 would signal another test of the 2008\/2016 lows at $30. The chart below plots long-term crude prices adjusted for inflation. Recent falls show real crude prices returning to their previous trading\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11668,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/","url_meta":{"origin":11648,"position":2},"title":"Crude consolidates","author":"ColinTwiggs","date":"March 26, 2015","format":false,"excerpt":"Saudi Arabia bombs its neighbor Yemen. Another war in the Middle East and crude prices rally. Nymex Light Crude retreated above support at $45\/barrel, testing $50, while Brent Crude found support at $54. The Saudis are obviously concerned about the success of Iranian-backed rebels in their close neighbor and are\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Brent Crude and Nymex WTI Light Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-26-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-26-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-26-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15476,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/06\/22\/crude-headed-for-30-if-opec-fails-to-deepen-cuts\/","url_meta":{"origin":11648,"position":3},"title":"Crude headed for $30 if OPEC fails to deepen cuts","author":"ColinTwiggs","date":"June 22, 2017","format":false,"excerpt":"Crude could fall to $30\/barrel next year -- and stay there for two years -- according to Fereidun Fesharaki, chairman of consultants FGE. Oil at $30\/b oil next year if OPEC fails to deepen cuts, IAEE conference hears https:\/\/t.co\/wUuljZcdya pic.twitter.com\/RWTPCUkxBv\u2014 Oilpro (@Oilprocom) June 20, 2017 Nymex Light Crude breached support\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11596,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/05\/crude-in-contango\/","url_meta":{"origin":11648,"position":4},"title":"Crude in contango","author":"ColinTwiggs","date":"March 5, 2015","format":false,"excerpt":"Nymex WTI Light Crude is testing resistance at $54\/barrel, while Brent Crude is at $62\/barrel. WTI above $54\/barrel would signal a bear market rally, but is likely to leave the primary trend unaltered. Breach of support at $45\/barrel would signal another decline. The crude oil market is in contango, with\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Nymex WTI Light Crude and Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15255,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/05\/08\/crude-falls-are-likely\/","url_meta":{"origin":11648,"position":5},"title":"Crude falls are likely","author":"ColinTwiggs","date":"May 8, 2017","format":false,"excerpt":"Nymex Light Crude broke support at $47\/barrel, signaling a down-trend. Follow-through below $45 would confirm. Lars Christensen shows that projected oil demand is closely linked to monetary conditions, with a down-turn in oil prices whenever the Fed announces further rate hikes. At present both the PBOC and the Fed are\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/11648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=11648"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/11648\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=11648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=11648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=11648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}