{"id":12176,"date":"2015-08-17T01:37:23","date_gmt":"2015-08-17T05:37:23","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=12176"},"modified":"2015-08-17T01:37:23","modified_gmt":"2015-08-17T05:37:23","slug":"crude-fall-continues-2","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/17\/crude-fall-continues-2\/","title":{"rendered":"Crude fall continues"},"content":{"rendered":"<p>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.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"446\" alt=\"Nymex WTI Light Crude September 2015 Futures\" title=\"Nymex WTI Light Crude September 2015 Futures\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-17-crude15.png?resize=525%2C446&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 50 &#8211; ( 60 &#8211; 50 ) = 40<\/p>\n<p>Long-term June 2017 Nymex Light Crude futures (CLM2017) are consolidating in a narrow range at the medium-term target of $54\/barrel*. Continuation of the down-trend is likely but recovery above $55.40 would warn of a bear market rally (not a reversal). Breach of support at $54 would offer a medium-term target of $50**.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"444\" alt=\"Nymex WTI Light Crude June 2017 Futures\" title=\"Nymex WTI Light Crude June 2017 Futures\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-17-crude17.png?resize=525%2C444&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 60 &#8211; ( 66 &#8211; 60 ) = 54; ** Target calculation: 56 &#8211; ( 60 &#8211; 54 ) = 50<\/p>\n<p>Expect crude prices to continue falling. The<a href=\"http:\/\/goldstocksforex.com\/2015\/08\/12\/iea-at-least-another-year-before-oil-markets-rebalance-oilprice-com\/\" target=\"_blank\"> August 2015 Report from the International Energy Agency<\/a> indicates that oversupply is growing. It is likely to take at least a year before balance is restored.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &#8211; ( 60 &#8211; 50 ) = 40 Long-term June 2017 Nymex Light Crude futures (CLM2017) are consolidating in a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/17\/crude-fall-continues-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude fall continues&#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":[712,715,2529],"class_list":["post-12176","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","tag-clm2017","tag-clu2015","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 fall continues - 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 fall continues - the patient investor\" \/>\n<meta property=\"og:description\" content=\"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 &#8211; ( 60 &#8211; 50 ) = 40 Long-term June 2017 Nymex Light Crude futures (CLM2017) are consolidating in a &hellip; Continue reading &quot;Crude fall continues&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/17\/crude-fall-continues-2\/\" \/>\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=\"2015-08-17T05:37:23+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2015\/2015-08-17-crude15.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\\\/08\\\/17\\\/crude-fall-continues-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/08\\\/17\\\/crude-fall-continues-2\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Crude fall continues\",\"datePublished\":\"2015-08-17T05:37:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/08\\\/17\\\/crude-fall-continues-2\\\/\"},\"wordCount\":125,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/08\\\/17\\\/crude-fall-continues-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-08-17-crude15.png\",\"keywords\":[\"CLM2017\",\"CLU2015\",\"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\\\/08\\\/17\\\/crude-fall-continues-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/08\\\/17\\\/crude-fall-continues-2\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/08\\\/17\\\/crude-fall-continues-2\\\/\",\"name\":\"Crude fall continues - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/08\\\/17\\\/crude-fall-continues-2\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/08\\\/17\\\/crude-fall-continues-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-08-17-crude15.png\",\"datePublished\":\"2015-08-17T05:37:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/08\\\/17\\\/crude-fall-continues-2\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/08\\\/17\\\/crude-fall-continues-2\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/08\\\/17\\\/crude-fall-continues-2\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-08-17-crude15.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-08-17-crude15.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/08\\\/17\\\/crude-fall-continues-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crude fall continues\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Expect support at this level. * Target calculation: 50 - ( 60 - 50 ) = 40 Long-term June 2017 Nymex Light Crude futures (CLM2017) are testing the medium-term target of $54\/barrel* \u2014 a premium\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\/2015-08-12-crude2015.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-12-crude2015.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-12-crude2015.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12100,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/22\/cold-wind-blows-for-crude-oil-producers\/","url_meta":{"origin":12176,"position":1},"title":"Cold wind blows for crude oil producers","author":"ColinTwiggs","date":"July 22, 2015","format":false,"excerpt":"Long-term June 2017 Nymex Light Crude futures (CLM2017) broke support at $60\/barrel, offering a target of $54\/barrel*. * Target calculation: 60 - ( 66 - 60 ) = 54 In the short-term, September 2015 futures (CLU15) are testing support at their March low of $50\/barrel. Breach is likely, given the\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"Nymex WTI Light Crude June 2017 Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-22-clm2017.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-22-clm2017.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-22-clm2017.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12264,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/25\/long-term-crude-prices-falling-fast\/","url_meta":{"origin":12176,"position":2},"title":"Long-term crude prices falling fast","author":"ColinTwiggs","date":"August 25, 2015","format":false,"excerpt":"Long-term crude prices are falling fast, with June 2017 futures (Nymex Light Crude - CLM2017) having broken through its medium-term target of $50\/barrel*. * Target calculation: 56 - ( 60 - 54 ) = 50 The August 2015 Report from the International Energy Agency indicates that oversupply is growing. After\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 June 2017 Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-25-crude2017.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-25-crude2017.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-25-crude2017.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12124,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/02\/crude-downward-slide-continues\/","url_meta":{"origin":12176,"position":3},"title":"Crude downward slide continues","author":"ColinTwiggs","date":"August 2, 2015","format":false,"excerpt":"Long-term June 2017 Nymex Light Crude futures (CLM2017) is approaching its medium-term target of $54\/barrel*, maintaining a premium of about $10\/barrel over current delivery. Expect support at $54, but the long-term target could be as low as $36**. * Target calculation: 60 - ( 66 - 60 ) = 54\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 June 2017 Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-03-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-03-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-03-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":12176,"position":4},"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":[]},{"id":12006,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/02\/crude-dives-below-58\/","url_meta":{"origin":12176,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/12176","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=12176"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/12176\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=12176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=12176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=12176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}