{"id":11668,"date":"2015-03-26T01:02:40","date_gmt":"2015-03-26T05:02:40","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=11668"},"modified":"2015-03-26T01:02:40","modified_gmt":"2015-03-26T05:02:40","slug":"crude-consolidates","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/","title":{"rendered":"Crude consolidates"},"content":{"rendered":"<p><a href=\"http:\/\/www.saudiembassy.net\/press-releases\/press03251501.aspx\" title=\"Saudi Embassy statement\" target=\"_blank\">Saudi Arabia<\/a> 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 prepared to intervene militarily (Putin will probably send a telegram of support, attempting to draw a parallel although the situation in Ukraine is vastly different). Expect further consolidation between $45 and $55 for Nymex Light Crude. Supply continues to exceed demand and storage facilities are approaching capacity. The bear trend is likely to continue despite the current interruption.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"363\" title=\"Brent Crude and Nymex WTI Light Crude\" alt=\"Brent Crude and Nymex WTI Light Crude\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-26-crude.png?resize=525%2C363&#038;ssl=1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 prepared to intervene militarily (Putin &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude consolidates&#8221;<\/span><\/a><\/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],"tags":[495,2529],"class_list":["post-11668","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","tag-brent-crude","tag-nymex-wti-light-crude"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crude consolidates - 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 consolidates - the patient investor\" \/>\n<meta property=\"og:description\" content=\"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 prepared to intervene militarily (Putin &hellip; Continue reading &quot;Crude consolidates&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-26T05:02:40+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2015\/2015-03-26-crude.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/03\\\/26\\\/crude-consolidates\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/03\\\/26\\\/crude-consolidates\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Crude consolidates\",\"datePublished\":\"2015-03-26T05:02:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/03\\\/26\\\/crude-consolidates\\\/\"},\"wordCount\":106,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/03\\\/26\\\/crude-consolidates\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-03-26-crude.png\",\"keywords\":[\"Brent crude\",\"Nymex WTI Light Crude\"],\"articleSection\":[\"Crude Oil &amp; Natural Gas\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/03\\\/26\\\/crude-consolidates\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/03\\\/26\\\/crude-consolidates\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/03\\\/26\\\/crude-consolidates\\\/\",\"name\":\"Crude consolidates - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/03\\\/26\\\/crude-consolidates\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/03\\\/26\\\/crude-consolidates\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-03-26-crude.png\",\"datePublished\":\"2015-03-26T05:02:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/03\\\/26\\\/crude-consolidates\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/03\\\/26\\\/crude-consolidates\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/03\\\/26\\\/crude-consolidates\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-03-26-crude.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-03-26-crude.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/03\\\/26\\\/crude-consolidates\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crude consolidates\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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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 prepared to intervene militarily (Putin &hellip; Continue reading \"Crude consolidates\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2015-03-26T05:02:40+00:00","og_image":[{"url":"http:\/\/static.incrediblecharts.com\/images\/2015\/2015-03-26-crude.png","type":"","width":"","height":""}],"author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Crude consolidates","datePublished":"2015-03-26T05:02:40+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/"},"wordCount":106,"commentCount":1,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-03-26-crude.png","keywords":["Brent crude","Nymex WTI Light Crude"],"articleSection":["Crude Oil &amp; Natural Gas"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/","name":"Crude consolidates - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-03-26-crude.png","datePublished":"2015-03-26T05:02:40+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-03-26-crude.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-03-26-crude.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/26\/crude-consolidates\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Crude consolidates"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. 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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":11913,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/09\/crude-retraces\/","url_meta":{"origin":11668,"position":1},"title":"Crude retraces","author":"ColinTwiggs","date":"June 9, 2015","format":false,"excerpt":"Nymex Light Crude encountered solid resistance at $60\/$61 per barrel. Reversal below $58 would signal retracement to test the new support level at $54. Respect would indicate an up-trend, while failure of $54 would test primary support at $44. Brent Crude [green] is already retracing and likely to test 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":"Nymex WTI Light Crude and Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-09-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-09-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-09-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":9147,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/05\/crude-nymex-wti-down-trend\/","url_meta":{"origin":11668,"position":2},"title":"Crude: Nymex WTI down-trend","author":"ColinTwiggs","date":"February 5, 2014","format":false,"excerpt":"Nymex Light Crude is headed for another test of resistance at $100\/barrel. Respect of resistance is likely, given the primary down-trend, and would suggest another test of primary support at $92\/barrel. Breach of primary support would offer a target of $84\/barrel*. Recovery above $100 is unlikely and another 13-week Twiggs\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":11189,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/23\/crude-oil-threatens-support\/","url_meta":{"origin":11668,"position":3},"title":"Crude oil threatens support","author":"ColinTwiggs","date":"October 23, 2014","format":false,"excerpt":"Brent crude [pink] has already broken long-term support at $90\/barrel and Nymex Light Crude [blue] is testing similar support at $78 to $80\/barrel. Breach would confirm a primary down-trend and a long-term target of $50*. * Target calculation: 80 - ( 110 - 80 ) = 50","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 Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-10-23-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-10-23-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-10-23-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12006,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/02\/crude-dives-below-58\/","url_meta":{"origin":11668,"position":4},"title":"Crude dives below $58","author":"ColinTwiggs","date":"July 2, 2015","format":false,"excerpt":"Nymex Light Crude closed below support at $58 per barrel, signaling retracement to test medium-term support at $53. Respect of $53 would suggest an advance to $68\/barrel, while failure would warn of a test of primary support at $44. \u00a0 June 2020 futures broke support, at $70\/barrel, suggesting a test\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\/2015-07-02-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-02-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-02-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12065,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/15\/will-iran-deal-nuke-crude\/","url_meta":{"origin":11668,"position":5},"title":"Will Iran deal nuke crude?","author":"ColinTwiggs","date":"July 15, 2015","format":false,"excerpt":"The nuclear deal with Iran is likely to increase supply of crude oil, especially in European markets, driving down prices. Brent crude August 2015 contract (CBQ15 above) is testing support at $56 per barrel. Narrow consolidation suggests continuation of the down-trend. Breach of $56 would signal a test of primary\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 August 2015 Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-15-cbq15.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-15-cbq15.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-15-cbq15.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/11668","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=11668"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/11668\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=11668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=11668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=11668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}