{"id":12356,"date":"2015-09-23T23:44:09","date_gmt":"2015-09-24T03:44:09","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=12356"},"modified":"2015-09-23T23:44:09","modified_gmt":"2015-09-24T03:44:09","slug":"crude-at-30-per-barrel","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/","title":{"rendered":"Crude at $30 per barrel?"},"content":{"rendered":"<p>Crude futures (Light Crude November 2015 &#8211; CLX2015) are testing short-term support at $44 per barrel. Breach is likely and would indicate another test of the recent low at $38.50. Failure of that level would offer a (long-term) target of $30*. Recovery above the descending trendline and resistance at $52 per barrel is unlikely, but would suggest that a bottom is forming.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"445\" alt=\"WTI Light Crude November 2015 Futures\" title=\"WTI Light Crude November 2015 Futures\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-09-24-clx2015.png?resize=525%2C445&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 40 &#8211; ( 50 &#8211; 40 ) = 30<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude futures (Light Crude November 2015 &#8211; CLX2015) are testing short-term support at $44 per barrel. Breach is likely and would indicate another test of the recent low at $38.50. Failure of that level would offer a (long-term) target of $30*. Recovery above the descending trendline and resistance at $52 per barrel is unlikely, but &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude at $30 per barrel?&#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":[718,2106,2529],"class_list":["post-12356","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","tag-clx2015","tag-light-crude-futures","tag-nymex-wti-light-crude"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crude at $30 per barrel? - 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 at $30 per barrel? - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Crude futures (Light Crude November 2015 &#8211; CLX2015) are testing short-term support at $44 per barrel. Breach is likely and would indicate another test of the recent low at $38.50. Failure of that level would offer a (long-term) target of $30*. Recovery above the descending trendline and resistance at $52 per barrel is unlikely, but &hellip; Continue reading &quot;Crude at $30 per barrel?&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/\" \/>\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=\"2015-09-24T03:44:09+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2015\/2015-09-24-clx2015.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\/09\/23\/crude-at-30-per-barrel\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Crude at $30 per barrel?\",\"datePublished\":\"2015-09-24T03:44:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/\"},\"wordCount\":65,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-09-24-clx2015.png\",\"keywords\":[\"CLX2015\",\"Light Crude futures\",\"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\/09\/23\/crude-at-30-per-barrel\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/\",\"name\":\"Crude at $30 per barrel? - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-09-24-clx2015.png\",\"datePublished\":\"2015-09-24T03:44:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-09-24-clx2015.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-09-24-clx2015.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crude at $30 per barrel?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Follow-through below $43 would confirm. Supply continues to exceed demand and breach of $40 would offer a (long-term) target of $30*. Recovery above $50 per barrel is\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":"WTI Light Crude December 2015 Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-11-12-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-11-12-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-11-12-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12383,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/08\/crude-another-bear-rally\/","url_meta":{"origin":12356,"position":1},"title":"Crude: Another bear rally","author":"ColinTwiggs","date":"October 8, 2015","format":false,"excerpt":"Crude futures (Light Crude November 2015 - CLX2015) are testing resistance at $50 per barrel. Respect is likely and would indicate another test of support at $40. Breach of medium-term support at $44 would confirm. Failure of $40 would offer a (long-term) target of $30*. Recovery above the descending trendline\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":"WTI Light Crude November 2015 Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-08-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-08-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-08-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12435,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/25\/crude-testing-support\/","url_meta":{"origin":12356,"position":2},"title":"Crude testing support","author":"ColinTwiggs","date":"October 25, 2015","format":false,"excerpt":"Crude futures (Light Crude December 2015 - CLZ2015) are testing support at $44.50 per barrel. Follow-through below $44.00 would signal another test of primary support at $40. Supply continues to exceed demand with the Saudis and Russians cranking up production and cutting prices to secure key markets in the US\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":"WTI Light Crude December 2015 Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-26-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-26-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-26-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12614,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/11\/27\/crude-testing-support-at-40barrel\/","url_meta":{"origin":12356,"position":3},"title":"Crude testing support at $40\/barrel","author":"ColinTwiggs","date":"November 27, 2015","format":false,"excerpt":"Crude futures (Light Crude January 2016 - CLF2016) are headed for another test of primary support at $40\/barrel. Breach is likely and would signal another decline, with a target of $30\/barrel*. * Target calculation: 40 - ( 50 - 40 ) = 30","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":"WTI Light Crude January 2016 Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-11-28-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-11-28-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-11-28-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12147,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/11\/crude-fall-continues\/","url_meta":{"origin":12356,"position":4},"title":"Crude fall continues","author":"ColinTwiggs","date":"August 11, 2015","format":false,"excerpt":"Nymex Light Crude futures (September 2015 - CLU2015) are approaching their medium-term target of $40\/barrel*. 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":12006,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/02\/crude-dives-below-58\/","url_meta":{"origin":12356,"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\/12356","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=12356"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/12356\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=12356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=12356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=12356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}