{"id":11710,"date":"2015-04-15T21:34:00","date_gmt":"2015-04-16T01:34:00","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=11710"},"modified":"2015-04-15T21:34:00","modified_gmt":"2015-04-16T01:34:00","slug":"crude-breakout-exercise-caution","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2015\/04\/15\/crude-breakout-exercise-caution\/","title":{"rendered":"Crude breakout: exercise caution"},"content":{"rendered":"

Nymex Light Crude broke resistance at $55\/barrel, signaling the end of the narrow consolidation of the past few months. Some have heralded this as the end of the bear trend and start of a bull market. <\/p>\n

\"Brent<\/p>\n

If we examine the recent consolidation — shown here on June 2015 Light Crude futures — it is clear that it is broadening, with the second trough below the first, rather than rectangular. Peaks are likely to follow a similar pattern; so a higher peak does not necessarily mean a breakout. Broadening wedges tend to be unreliable reversal signals and I would wait for retracement that respects the new support level at $55 to confirm the breakout.<\/p>\n

\"Nymex<\/p>\n","protected":false},"excerpt":{"rendered":"

Nymex Light Crude broke resistance at $55\/barrel, signaling the end of the narrow consolidation of the past few months. Some have heralded this as the end of the bear trend and start of a bull market. If we examine the recent consolidation — shown here on June 2015 Light Crude futures — it is clear … <\/p>\n

Continue reading “Crude breakout: exercise caution”<\/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":[495,2106,2529],"class_list":["post-11710","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","tag-brent-crude","tag-light-crude-futures","tag-nymex-wti-light-crude"],"yoast_head":"\nCrude breakout: exercise caution - 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 breakout: exercise caution - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Nymex Light Crude broke resistance at $55\/barrel, signaling the end of the narrow consolidation of the past few months. 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Expect strong support at the 2008 low. Has fracking permanently suppressed oil prices, or will production dwindle over time\u2026","rel":"","context":"In "Crude Oil & Natural Gas"","block_context":{"text":"Crude Oil & 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\/2015-06-18-crude-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-18-crude-cpi.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-18-crude-cpi.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12176,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/17\/crude-fall-continues-2\/","url_meta":{"origin":11710,"position":1},"title":"Crude fall continues","author":"ColinTwiggs","date":"August 17, 2015","format":false,"excerpt":"Decline of Nymex Light Crude September 2015 futures (CLU2015) is slowing as it nears the medium-term target of $40\/barrel*. Narrow consolidation at this level would suggest a continuation of the down-trend. * Target calculation: 50 - ( 60 - 50 ) = 40 Long-term June 2017 Nymex Light Crude futures\u2026","rel":"","context":"In "Crude Oil & Natural Gas"","block_context":{"text":"Crude Oil & Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Nymex WTI Light Crude September 2015 Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-17-crude15.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-17-crude15.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-17-crude15.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":11710,"position":2},"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 "Crude Oil & Natural Gas"","block_context":{"text":"Crude Oil & 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":[]},{"id":12013,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/06\/crude-dives-to-55\/","url_meta":{"origin":11710,"position":3},"title":"Crude dives to $55","author":"ColinTwiggs","date":"July 6, 2015","format":false,"excerpt":"Nymex Light Crude continues its sharp descent, with August 2015 futures falling below $55 per barrel. Respect of $53 would indicate the (secondary) up-trend is intact, but breach would warn of a test of primary support at $44.","rel":"","context":"In "Crude Oil & Natural Gas"","block_context":{"text":"Crude Oil & Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Nymex WTI Light Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-06-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-06-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-06-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12898,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/03\/01\/gold-rallies-as-crude-finds-support\/","url_meta":{"origin":11710,"position":4},"title":"Gold rallies as crude finds support","author":"ColinTwiggs","date":"March 1, 2016","format":false,"excerpt":"Crude finds support at $30\/barrel, iron ore rallies, the Dollar strengthens, long-term interest rates fall and all seems right with the world. But is it? Deflationary pressures in Europe are rising. China cut bank reserve requirements to stimulate lending. And long-term interest rates would be rising, not falling, if confidence\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"Nymex WTI Light Crude June 2016 Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-03-01-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-03-01-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-03-01-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12022,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/07\/crude-breaks-54\/","url_meta":{"origin":11710,"position":5},"title":"Crude breaks $54","author":"ColinTwiggs","date":"July 7, 2015","format":false,"excerpt":"Nymex Light Crude continues its sharp descent, with August 2015 futures breaking medium-term support at $54 per barrel. The next major support level is primary support at $44.","rel":"","context":"In "Crude Oil & Natural Gas"","block_context":{"text":"Crude Oil & Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Nymex WTI Light Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-07-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-07-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-07-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/11710","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=11710"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/11710\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=11710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=11710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=11710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}