{"id":2340,"date":"2011-11-24T02:46:16","date_gmt":"2011-11-24T07:46:16","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=2340"},"modified":"2011-11-24T02:46:16","modified_gmt":"2011-11-24T07:46:16","slug":"commodities-and-crude-oil-2","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/commodities-and-crude-oil-2\/","title":{"rendered":"Commodities and Crude Oil"},"content":{"rendered":"<p>Brent Crude is testing medium-term support at $105\/barrel. Failure is likely if the dollar continues to strengthen and would mean a test of the $99\/$100 primary level. Reversal of 63-day Twiggs Momentum below -5% would complete an <em>iceberg pattern<\/em>, indicating a solid primary down-trend. Breach of primary support would offer a target of $85\/barrel*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2011\/2011-11-23-brent-crude.png?w=525&#038;ssl=1\" alt=\"Brent Crude Afternoon Markers\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 100 &#8211; ( 115 &#8211; 100 ) = 85<\/span><\/p>\n<blockquote><p><em>Roughly only 10% of an iceberg is visible at sea, with most of the ice-mass hidden below the water-line. Similarly, an \u201ciceberg\u201d pattern on a chart describes a situation where +\/- 90% of Twiggs Momentum (or a similar indicator) is below zero with only a small peak protruding above.\u00a0<\/em><\/p><\/blockquote>\n<p>CRB Commodities Index is similarly headed for a test of primary support, at 295. 63-Day Twiggs Momentum deep below zero indicates a strong primary down-trend. Failure of support would offer a target of 265*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2011\/2011-11-23-crb.png?w=525&#038;ssl=1\" alt=\"CRB Commodities Index\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 295 &#8211; ( 325 &#8211; 295 ) = 265<\/span><\/p>\n<p>That would have a negative impact on the Aussie Dollar and Canadian Loonie which closely track commodity prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent Crude is testing medium-term support at $105\/barrel. Failure is likely if the dollar continues to strengthen and would mean a test of the $99\/$100 primary level. Reversal of 63-day Twiggs Momentum below -5% would complete an iceberg pattern, indicating a solid primary down-trend. Breach of primary support would offer a target of $85\/barrel*. * &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/commodities-and-crude-oil-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Commodities and Crude Oil&#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":[8],"tags":[287,495,560,861,1780,2758,3510],"class_list":["post-2340","post","type-post","status-publish","format-standard","hentry","category-gold-commodities","tag-aussie-dollar","tag-brent-crude","tag-canadian-loonie","tag-crb-commodities-index","tag-iceberg","tag-primary-down-trend","tag-twiggs-momentum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Commodities and Crude Oil - 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=\"Commodities and Crude Oil - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Brent Crude is testing medium-term support at $105\/barrel. Failure is likely if the dollar continues to strengthen and would mean a test of the $99\/$100 primary level. Reversal of 63-day Twiggs Momentum below -5% would complete an iceberg pattern, indicating a solid primary down-trend. 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","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5","name":"ColinTwiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","caption":"ColinTwiggs"},"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-BK","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":3338,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/25\/gold-commodities-copper-breakout-as-dollar-weakens\/","url_meta":{"origin":2340,"position":0},"title":"Gold &#038; Commodities: Copper breakout as dollar weakens","author":"ColinTwiggs","date":"January 25, 2012","format":false,"excerpt":"The US Dollar Index has retraced to test medium-term support at 79.50. Respect would confirm a strong primary up-trend, while failure would suggest trend weakness. 63-Day Twiggs Momentum above zero still indicates a primary up-trend, but breach of the rising trendline warns that the up-trend is slowing. A weakening dollar\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4888,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/19\/rising-dollar-but-commodities-strengthen\/","url_meta":{"origin":2340,"position":1},"title":"Rising dollar but commodities strengthen","author":"Colin Twiggs","date":"July 19, 2012","format":false,"excerpt":"The rising dollar suggests weaker gold and commodity prices. The US Dollar Index continues to test resistance at 83.50. Breakout would target the 2010 high at 88.50, with an interim target of 86*, while respect would test support at 81.50. 63-Day Twiggs Momentum oscillating above zero indicates a strong up-trend.\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4680,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/20\/rising-dollar-suggests-lower-gold-and-commodities\/","url_meta":{"origin":2340,"position":2},"title":"Rising Dollar suggests lower gold and commodities","author":"Colin Twiggs","date":"June 20, 2012","format":false,"excerpt":"The Dollar Index is testing medium-term support at 81.00\/81.50. Respect would confirm a healthy primary up-trend. Reversal below the rising trendline is unlikely, but would indicate trend weakness. Another trough above zero on 63-day Twiggs Momentum would strengthen the bull signal. * Target calculation: 81 + ( 81 - 78\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4563,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/07\/stronger-dollar-weaker-commodities-gold-copper-and-crude\/","url_meta":{"origin":2340,"position":3},"title":"Stronger dollar, weaker commodities: gold, copper and crude","author":"Colin Twiggs","date":"June 7, 2012","format":false,"excerpt":"The US Dollar is in a primary up-trend, the Dollar Index having broken resistance between 81 and 82. Retracement is likely to test the new support level; respect of 81 would confirm a healthy up-trend. Respect of the zero line by 63-day Twiggs Money Flow would likewise strengthen the signal.\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4840,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/11\/dollar-rises-gold-and-silver-threaten-support\/","url_meta":{"origin":2340,"position":4},"title":"Dollar rises, gold and silver threaten support","author":"Colin Twiggs","date":"July 11, 2012","format":false,"excerpt":"The US Dollar Index rallied to test resistance at 83.50. Breakout would target the 2010 high of 88.00. 63-Day Twiggs Momentum oscillating above the zero line indicates a strong up-trend. * Target calculation: 82 + ( 82 - 78 ) = 86 Spot Gold is consolidating above primary support at\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5267,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/14\/dollar-up-trend-continues-gold-finds-support-commodities-range-widely\/","url_meta":{"origin":2340,"position":5},"title":"Dollar up-trend continues, gold finds support, commodities range widely","author":"Colin Twiggs","date":"August 14, 2012","format":false,"excerpt":"The US Dollar Index is testing support at 81.50\/82.00. Respect of support and the rising trendline would confirm the primary up-trend is intact, offering a target of 86.00*. Breakout above 83.50\/84.00 would confirm the advance. In the longer term, expect a test of the 2010 high at 88.50. Oscillation of\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/2340","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=2340"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/2340\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=2340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=2340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=2340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}