{"id":11783,"date":"2015-05-07T01:28:55","date_gmt":"2015-05-07T05:28:55","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=11783"},"modified":"2015-05-07T01:28:55","modified_gmt":"2015-05-07T05:28:55","slug":"crude-reversal-or-bear-rally","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2015\/05\/07\/crude-reversal-or-bear-rally\/","title":{"rendered":"Crude: Reversal or bear rally?"},"content":{"rendered":"<p>Inflation-adjusted crude oil prices are close to their 2008 low, but if we look back to the 1980s and 1990s, prior to China&#8217;s entry into the markets (apart from a brief spike in September 1990) that was the 20-year high.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"283\" title=\"Nymex WTI Light Crude over CPI\" alt=\"Nymex WTI Light Crude over CPI\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-05-07-crude-cpi.png?resize=525%2C283&#038;ssl=1\" \/><\/p>\n<p>Nymex light crude rallied since breaking resistance at $54\/barrel, but this does not necessarily indicate a reversal. Only retracement that respects the new support level (at $54) would confirm this a primary up-trend rather than a bear market rally. <\/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\/2015-05-07-crude.png?resize=525%2C363&#038;ssl=1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflation-adjusted crude oil prices are close to their 2008 low, but if we look back to the 1980s and 1990s, prior to China&#8217;s entry into the markets (apart from a brief spike in September 1990) that was the 20-year high. Nymex light crude rallied since breaking resistance at $54\/barrel, but this does not necessarily indicate &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2015\/05\/07\/crude-reversal-or-bear-rally\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude: Reversal or bear rally?&#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-11783","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 v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crude: Reversal or bear rally? - 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: Reversal or bear rally? - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Inflation-adjusted crude oil prices are close to their 2008 low, but if we look back to the 1980s and 1990s, prior to China&#8217;s entry into the markets (apart from a brief spike in September 1990) that was the 20-year high. Nymex light crude rallied since breaking resistance at $54\/barrel, but this does not necessarily indicate &hellip; Continue reading &quot;Crude: Reversal or bear rally?&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2015\/05\/07\/crude-reversal-or-bear-rally\/\" \/>\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=\"2015-05-07T05:28:55+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2015\/2015-05-07-crude-cpi.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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/05\\\/07\\\/crude-reversal-or-bear-rally\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/05\\\/07\\\/crude-reversal-or-bear-rally\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Crude: Reversal or bear rally?\",\"datePublished\":\"2015-05-07T05:28:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/05\\\/07\\\/crude-reversal-or-bear-rally\\\/\"},\"wordCount\":81,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/05\\\/07\\\/crude-reversal-or-bear-rally\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-05-07-crude-cpi.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\\\/05\\\/07\\\/crude-reversal-or-bear-rally\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/05\\\/07\\\/crude-reversal-or-bear-rally\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/05\\\/07\\\/crude-reversal-or-bear-rally\\\/\",\"name\":\"Crude: Reversal or bear rally? - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/05\\\/07\\\/crude-reversal-or-bear-rally\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/05\\\/07\\\/crude-reversal-or-bear-rally\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-05-07-crude-cpi.png\",\"datePublished\":\"2015-05-07T05:28:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/05\\\/07\\\/crude-reversal-or-bear-rally\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/05\\\/07\\\/crude-reversal-or-bear-rally\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/05\\\/07\\\/crude-reversal-or-bear-rally\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-05-07-crude-cpi.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-05-07-crude-cpi.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/05\\\/07\\\/crude-reversal-or-bear-rally\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crude: Reversal or bear rally?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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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 &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 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":11878,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/05\/27\/crude-finds-resistance-at-60barrel\/","url_meta":{"origin":11783,"position":1},"title":"Crude finds resistance at $60\/barrel","author":"ColinTwiggs","date":"May 27, 2015","format":false,"excerpt":"Nymex light crude encountered resistance at $60\/barrel. Expect retracement to test the new support level at $54\/barrel. Respect would indicate a primary advance, while failure would suggest recent gains are no more than a bear market rally and another test of $44 is likely. 13-Week Twiggs Momentum below zero continues\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\/2015-05-27-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-05-27-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-05-27-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":17277,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/03\/crude-reversal-undermines-gold-rally\/","url_meta":{"origin":11783,"position":2},"title":"Crude reversal undermines Gold rally","author":"Colin Twiggs","date":"November 3, 2018","format":false,"excerpt":"Nymex crude broke support at $65, warning of a primary down-trend with a medium-term target of $56\/barrel. Crude and gold tend to rise and fall together, over the long-term, and falling crude prices warn of gold weakness. The bear rally in Gold is likely to meet stubborn resistance at $1250.\u2026","rel":"","context":"In &quot;Aussie dollar&quot;","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"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":11783,"position":3},"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":11949,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/17\/crude-where-next\/","url_meta":{"origin":11783,"position":4},"title":"Crude: Where next?","author":"ColinTwiggs","date":"June 17, 2015","format":false,"excerpt":"Nymex Light Crude plotted against CPI gives an historical perspective on current crude prices: high prior to China's entry into the global energy market, but low relative to prices since then. Expect strong support at the 2008 low. Has fracking permanently suppressed oil prices, or will production dwindle over time\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\/2015-06-18-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":11596,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/05\/crude-in-contango\/","url_meta":{"origin":11783,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/11783","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=11783"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/11783\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=11783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=11783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=11783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}