{"id":15255,"date":"2017-05-08T21:18:18","date_gmt":"2017-05-09T01:18:18","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=15255"},"modified":"2017-05-08T21:18:18","modified_gmt":"2017-05-09T01:18:18","slug":"crude-falls-are-likely","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2017\/05\/08\/crude-falls-are-likely\/","title":{"rendered":"Crude falls are likely"},"content":{"rendered":"

Nymex Light Crude broke support at $47\/barrel, signaling a down-trend. Follow-through below $45 would confirm.<\/p>\n

\"Nymex<\/p>\n

Lars Christensen<\/a> shows that projected oil demand is closely linked to monetary conditions, with a down-turn in oil prices whenever the Fed announces further rate hikes. At present both the PBOC and the Fed are adopting a restrictive stance which should be bearish for crude oil.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nymex Light Crude broke support at $47\/barrel, signaling a down-trend. Follow-through below $45 would confirm. Lars Christensen shows that projected oil demand is closely linked to monetary conditions, with a down-turn in oil prices whenever the Fed announces further rate hikes. At present both the PBOC and the Fed are adopting a restrictive stance which … <\/p>\n

Continue reading “Crude falls are likely”<\/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":[2527],"class_list":["post-15255","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","tag-nymex-light-crude"],"yoast_head":"\nCrude falls are 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 falls are likely - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Nymex Light Crude broke support at $47\/barrel, signaling a down-trend. Follow-through below $45 would confirm. Lars Christensen shows that projected oil demand is closely linked to monetary conditions, with a down-turn in oil prices whenever the Fed announces further rate hikes. 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Respect of support would signal a fresh advance with a short-term target of $100. Weekly crude oil inventories (including the SPR\/strategic petroleum reserve) have fallen to their lowest level since the 1980s.\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 Light Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-09-28-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-09-28-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-09-28-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":11189,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/23\/crude-oil-threatens-support\/","url_meta":{"origin":15255,"position":1},"title":"Crude oil threatens support","author":"ColinTwiggs","date":"October 23, 2014","format":false,"excerpt":"Brent crude [pink] has already broken long-term support at $90\/barrel and Nymex Light Crude [blue] is testing similar support at $78 to $80\/barrel. Breach would confirm a primary down-trend and a long-term target of $50*. * Target calculation: 80 - ( 110 - 80 ) = 50","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 Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-10-23-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-10-23-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-10-23-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":4312,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/09\/crude-oil-falls\/","url_meta":{"origin":15255,"position":2},"title":"Crude oil falls","author":"Colin Twiggs","date":"May 9, 2012","format":false,"excerpt":"Both Brent Crude and Nymex Light Crude are falling, with signs that the global economy is slowing and that tensions with Iran are easing. Brent is close to the 61.8% Fibonacci retracement level and a fall below $110\/barrel would test primary support at $100. Reversal of 63-day Twiggs Momentum below\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48273,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/02\/10\/crude-copper-recession-signals\/","url_meta":{"origin":15255,"position":3},"title":"Crude & Copper recession signals","author":"Colin Twiggs","date":"February 10, 2024","format":false,"excerpt":"Crude prices are rising as risks in the Red Sea force shippers to route cargoes around the southern tip of Africa, increasing transit times and raising costs. Interestingly, Russian and Chinese ships have not diverted, seemingly immune to the threat of a Houthi attack. Nymex light crude breakout above $78\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"Nymex WTI Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-10-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-10-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-10-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":15255,"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 "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":"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":11949,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/17\/crude-where-next\/","url_meta":{"origin":15255,"position":5},"title":"Crude: Where next?","author":"ColinTwiggs","date":"June 17, 2015","format":false,"excerpt":"Nymex Light Crude plotted against CPI gives an historical perspective on current crude prices: high prior to China's entry into the global energy market, but low relative to prices since then. Expect strong support at the 2008 low. Has fracking permanently suppressed oil prices, or will production dwindle over time\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 and Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-18-crude-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-18-crude-cpi.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-18-crude-cpi.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15255","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=15255"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15255\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=15255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=15255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=15255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}