{"id":14331,"date":"2016-10-14T16:50:34","date_gmt":"2016-10-14T20:50:34","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=14331"},"modified":"2016-10-14T16:50:34","modified_gmt":"2016-10-14T20:50:34","slug":"crude-tests-key-level-at-50","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2016\/10\/14\/crude-tests-key-level-at-50\/","title":{"rendered":"Crude tests key level at $50"},"content":{"rendered":"

December Light Crude is retracing to test new support at $50\/barrel after the recent breakout.<\/p>\n

\"December<\/p>\n

If we look at the longer term weekly chart we can see how important this level is. Respect of $50 would confirm the primary up-trend. There is still doubt that support will hold — and that OPEC will be able to craft an agreement that will satisfy members while restricting supply. Failure would suggest that crude will revert to ranging between $40 and $50.<\/p>\n

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

December Light Crude is retracing to test new support at $50\/barrel after the recent breakout. If we look at the longer term weekly chart we can see how important this level is. Respect of $50 would confirm the primary up-trend. There is still doubt that support will hold — and that OPEC will be able … <\/p>\n

Continue reading “Crude tests key level at $50”<\/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":[977,2527],"class_list":["post-14331","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","tag-december-light-crude","tag-nymex-light-crude"],"yoast_head":"\nCrude tests key level at $50 - 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 tests key level at $50 - the patient investor\" \/>\n<meta property=\"og:description\" content=\"December Light Crude is retracing to test new support at $50\/barrel after the recent breakout. 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Respect is likely and would confirm the primary up-trend. Target for an advance is $56\/barrel*. * Target: 50 + ( 50 - 44 ) = 56","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":"","src":"","width":0,"height":0},"classes":[]},{"id":12506,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/11\/12\/crude-heading-for-40barrel\/","url_meta":{"origin":14331,"position":1},"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 "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":"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":14422,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/11\/01\/crude-stalls\/","url_meta":{"origin":14331,"position":2},"title":"Crude stalls","author":"ColinTwiggs","date":"November 1, 2016","format":false,"excerpt":"December Light Crude retreated below support at $50\/barrel, suggesting another test of primary support at $42\/barrel. Respect of primary support would suggest further ranging between $42 and $52\/barrel. Breach of support, which seemed so unlikely only two weeks ago, is now a possibility and would warn of another test of\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":"","src":"","width":0,"height":0},"classes":[]},{"id":12520,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/11\/17\/crude-tests-40barrel\/","url_meta":{"origin":14331,"position":3},"title":"Crude tests $40\/barrel","author":"ColinTwiggs","date":"November 17, 2015","format":false,"excerpt":"Crude futures (Light Crude December 2015 - CLZ2015) are testing primary support at $40\/barrel. Breach is likely -- and would signal a decline to $30*. Respect of support would indicate another bear rally. * Target calculation: 40 - ( 50 - 40 ) = 30","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":"WTI Light Crude December 2015 Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-11-17-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-11-17-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-11-17-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":14331,"position":4},"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 "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":"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":12176,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/17\/crude-fall-continues-2\/","url_meta":{"origin":14331,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/14331","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=14331"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/14331\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=14331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=14331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=14331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}