{"id":12552,"date":"2015-11-23T18:10:11","date_gmt":"2015-11-23T23:10:11","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=12552"},"modified":"2015-11-23T18:10:11","modified_gmt":"2015-11-23T23:10:11","slug":"crude-futures-target-32barrel","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2015\/11\/23\/crude-futures-target-32barrel\/","title":{"rendered":"Crude futures target $32\/barrel"},"content":{"rendered":"<p>Crude futures (Light Crude March 2016 &#8211; CLH2016) are consolidating in a narrow band below the former support level at $45\/barrel. Breach of $43 is likely and would indicate a test of the August low at $41.20. Follow-through below $41 would warn of another decline, with a target of $32\/barrel*.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" title=\"WTI Light Crude March 2016 Futures\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-11-24-crude.png?resize=525%2C446&#038;ssl=1\" alt=\"WTI Light Crude March 2016 Futures\" width=\"525\" height=\"446\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 42 &#8211; ( 52 &#8211; 42 ) = 32<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude futures (Light Crude March 2016 &#8211; CLH2016) are consolidating in a narrow band below the former support level at $45\/barrel. Breach of $43 is likely and would indicate a test of the August low at $41.20. Follow-through below $41 would warn of another decline, with a target of $32\/barrel*. * Target calculation: 42 &#8211; &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2015\/11\/23\/crude-futures-target-32barrel\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude futures target $32\/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":[707,3714],"class_list":["post-12552","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","tag-clh2016","tag-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 futures target $32\/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 futures target $32\/barrel - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Crude futures (Light Crude March 2016 &#8211; CLH2016) are consolidating in a narrow band below the former support level at $45\/barrel. Breach of $43 is likely and would indicate a test of the August low at $41.20. 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Crude oil prices are the canary in the coalmine at present. June 2016 Light Crude futures retreated from resistance at $43\/barrel. Breach of medium-term support at $38 warns of another test of primary support at $32\/barrel. Failure of support at $32 would offer a\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-04-04-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-04-04-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-04-04-xjo.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12992,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/03\/14\/oil-lower-on-global-glut-iranian-output\/","url_meta":{"origin":12552,"position":1},"title":"Oil lower on global glut, Iranian output","author":"ColinTwiggs","date":"March 14, 2016","format":false,"excerpt":"From The Age: Stockpiles at the Cushing, Oklahoma grew almost 850,000 barrels to 69.6 million in the week to March 11, bringing storage at the delivery hub for US crude futures to near capacity, traders said, citing market intelligence firm Genscape. The Organisation of the Petroleum Exporting Countries, meanwhile, said\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":12006,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/02\/crude-dives-below-58\/","url_meta":{"origin":12552,"position":2},"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":12506,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/11\/12\/crude-heading-for-40barrel\/","url_meta":{"origin":12552,"position":3},"title":"Crude heading for $40\/barrel","author":"ColinTwiggs","date":"November 12, 2015","format":false,"excerpt":"Crude futures (Light Crude December 2015 - CLZ2015) broke support at $44.70 per barrel, warning of another test of primary support at $40. 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":12356,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/","url_meta":{"origin":12552,"position":4},"title":"Crude at $30 per barrel?","author":"ColinTwiggs","date":"September 23, 2015","format":false,"excerpt":"Crude futures (Light Crude November 2015 - 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\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\/2015-09-24-clx2015.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-09-24-clx2015.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-09-24-clx2015.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":12552,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/12552","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=12552"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/12552\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=12552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=12552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=12552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}