{"id":15440,"date":"2017-06-12T03:53:48","date_gmt":"2017-06-12T07:53:48","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=15440"},"modified":"2017-06-12T03:53:48","modified_gmt":"2017-06-12T07:53:48","slug":"crude-tests-support-at-45barrel","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2017\/06\/12\/crude-tests-support-at-45barrel\/","title":{"rendered":"Crude tests support at $45\/barrel"},"content":{"rendered":"

Nymex Light Crude is testing support at $45\/barrel. Breach would offer an immediate target of $40. Follow-through below $40 would signal another test of the 2008\/2016 lows at $30.<\/p>\n

\"Nymex<\/p>\n

The chart below plots long-term crude prices adjusted for inflation. Recent falls show real crude prices returning to their previous trading range (0.1 to 0.2) before the 2004 to 2015 “China boom”.<\/p>\n

\"Nymex<\/p>\n

The 2004 to 2015 surge in crude prices is very likely a major cause of low global growth over the last decade. Return to the previous trading range would be a bullish sign for the global economy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nymex Light Crude is testing support at $45\/barrel. Breach would offer an immediate target of $40. Follow-through below $40 would signal another test of the 2008\/2016 lows at $30. The chart below plots long-term crude prices adjusted for inflation. Recent falls show real crude prices returning to their previous trading range (0.1 to 0.2) before … <\/p>\n

Continue reading “Crude tests support at $45\/barrel”<\/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":[854,2529],"class_list":["post-15440","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","tag-cpi","tag-nymex-wti-light-crude"],"yoast_head":"\nCrude tests support at $45\/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 tests support at $45\/barrel - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Nymex Light Crude is testing support at $45\/barrel. Breach would offer an immediate target of $40. Follow-through below $40 would signal another test of the 2008\/2016 lows at $30. The chart below plots long-term crude prices adjusted for inflation. 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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":[]},{"id":11596,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/05\/crude-in-contango\/","url_meta":{"origin":15440,"position":1},"title":"Crude in contango","author":"ColinTwiggs","date":"March 5, 2015","format":false,"excerpt":"Nymex WTI Light Crude is testing resistance at $54\/barrel, while Brent Crude is at $62\/barrel. WTI above $54\/barrel would signal a bear market rally, but is likely to leave the primary trend unaltered. Breach of support at $45\/barrel would signal another decline. The crude oil market is in contango, with\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\/2015-03-05-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":11631,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/12\/another-downward-leg-for-crude\/","url_meta":{"origin":15440,"position":2},"title":"Another downward leg for crude?","author":"ColinTwiggs","date":"March 12, 2015","format":false,"excerpt":"Nymex Light Crude is headed for another test of support at $45\/barrel. Breach would signal a decline, with a medium-term target of $35\/barrel*. * Target calculation: 45 - ( 55 - 45 ) = 35 Saturation of available storage capacity (see Crude in Contango) is expected to force sellers into\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 Sweet Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-12-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-12-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-12-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":17348,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/09\/gold-crude-weaken-as-the-dollar-lifts\/","url_meta":{"origin":15440,"position":3},"title":"Gold & Crude weaken as the Dollar lifts","author":"Colin Twiggs","date":"November 9, 2018","format":false,"excerpt":"Nymex Light Crude is testing support at $60\/barrel on the long-term rising trendline. Breach would confirm a primary down-trend with a long-term target of $45\/barrel. Crude and gold tend to rise and fall together. The long-term chart below compares gold and crude prices adjusted for inflation (CPI). The bear rally\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":12176,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/17\/crude-fall-continues-2\/","url_meta":{"origin":15440,"position":4},"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":[]},{"id":12100,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/22\/cold-wind-blows-for-crude-oil-producers\/","url_meta":{"origin":15440,"position":5},"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 "Africa & South America"","block_context":{"text":"Africa & 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":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15440","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=15440"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15440\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=15440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=15440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=15440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}