{"id":14382,"date":"2016-10-22T19:19:09","date_gmt":"2016-10-22T23:19:09","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=14382"},"modified":"2016-10-22T19:19:09","modified_gmt":"2016-10-22T23:19:09","slug":"crude-another-advance-likely","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2016\/10\/22\/crude-another-advance-likely\/","title":{"rendered":"Crude: Another advance likely"},"content":{"rendered":"<p>Nymex December Light Crude is consolidating above the new support level at $50\/barrel. Respect is likely and would confirm the primary up-trend. Target for an advance is $56\/barrel*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"December Light Crude\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-10-22-crude.png?w=525&#038;ssl=1\" alt=\"December Light Crude\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target: 50 + ( 50 &#8211; 44 ) = 56<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nymex December Light Crude is consolidating above the new support level at $50\/barrel. Respect is likely and would confirm the primary up-trend. Target for an advance is $56\/barrel*. * Target: 50 + ( 50 &#8211; 44 ) = 56<\/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":[2527],"class_list":["post-14382","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","tag-nymex-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: Another advance likely - 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: Another advance likely - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Nymex December Light Crude is consolidating above the new support level at $50\/barrel. 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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":12264,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/25\/long-term-crude-prices-falling-fast\/","url_meta":{"origin":14382,"position":1},"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":12006,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/02\/crude-dives-below-58\/","url_meta":{"origin":14382,"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":12147,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/11\/crude-fall-continues\/","url_meta":{"origin":14382,"position":3},"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":12100,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/22\/cold-wind-blows-for-crude-oil-producers\/","url_meta":{"origin":14382,"position":4},"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":12301,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/01\/volatile-crude\/","url_meta":{"origin":14382,"position":5},"title":"Volatile crude","author":"ColinTwiggs","date":"September 1, 2015","format":false,"excerpt":"Crude prices rallied sharply in the last few days, boosted by downward revision of US oil output and hints that OPEC may consider production cuts. October 2015 futures (Nymex Light Crude - CLV2015) tested resistance at $50\/barrel before falling just as steeply on weak manufacturing data out of China. Expect\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 October 2015 Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-09-02-clv2015.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-09-02-clv2015.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-09-02-clv2015.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/14382","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=14382"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/14382\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=14382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=14382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=14382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}