{"id":3287,"date":"2012-01-12T00:58:20","date_gmt":"2012-01-12T05:58:20","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=3287"},"modified":"2012-01-12T00:58:20","modified_gmt":"2012-01-12T05:58:20","slug":"crude-oil-and-commodities-threaten-breakout","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/","title":{"rendered":"Crude oil and commodities threaten breakout"},"content":{"rendered":"<p>Brent crude has strengthened despite <a title=\"UPI: Libya crude shipments rise\" href=\"http:\/\/www.upi.com\/Business_News\/Energy-Resources\/2011\/11\/23\/Libyan-crude-shipments-increasing\/UPI-31191322050237\/\" target=\"_blank\">Libya coming back on-stream<\/a>. Heightened tensions with Iran have increased support above $100\/barrel. Breakout above $115 would signal the start of a new up-trend &#8212; not a good sign for the global economy. In the long term, recovery above $125 would offer a target of $150*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-01-12-crude.png?w=525&#038;ssl=1\" alt=\"ICE Brent Afternoon Markers\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 125 + ( 125 &#8211; 100 ) = 150<\/span><\/p>\n<p>The CRB Commodities Index has also found support: at 295. Penetration of the descending trendline would suggest that a base is forming, while recovery above 325 would indicate a fresh primary advance.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-01-12-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: 325 + ( 325 &#8211; 295 ) = 355<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent crude has strengthened despite Libya coming back on-stream. Heightened tensions with Iran have increased support above $100\/barrel. Breakout above $115 would signal the start of a new up-trend &#8212; not a good sign for the global economy. In the long term, recovery above $125 would offer a target of $150*. * Target calculation: 125 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude oil and commodities threaten breakout&#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":[495,861],"class_list":["post-3287","post","type-post","status-publish","format-standard","hentry","category-gold-commodities","tag-brent-crude","tag-crb-commodities-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crude oil and commodities threaten breakout - 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 oil and commodities threaten breakout - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Brent crude has strengthened despite Libya coming back on-stream. Heightened tensions with Iran have increased support above $100\/barrel. Breakout above $115 would signal the start of a new up-trend &#8212; not a good sign for the global economy. 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In the long term, recovery above $125 would offer a target of $150*. * Target calculation: 125 &hellip; Continue reading \"Crude oil and commodities threaten breakout\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2012-01-12T05:58:20+00:00","og_image":[{"url":"http:\/\/static.incrediblecharts.com\/images\/2012\/2012-01-12-crude.png","type":"","width":"","height":""}],"author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Crude oil and commodities threaten breakout","datePublished":"2012-01-12T05:58:20+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/"},"wordCount":90,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-01-12-crude.png","keywords":["Brent crude","CRB Commodities Index"],"articleSection":["Gold &amp; Commodities"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/","name":"Crude oil and commodities threaten breakout - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-01-12-crude.png","datePublished":"2012-01-12T05:58:20+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-01-12-crude.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-01-12-crude.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Crude oil and commodities threaten breakout"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. 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Upward breakout is likely and would offer a long-term target of $150. * Target calculation: 125 + ( 125 - 100 ) = 150 Despite the weakening dollar, CRB Commodities Index is testing medium-term support at 310. Failure\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":4060,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/12\/crude-and-commodities-falling\/","url_meta":{"origin":3287,"position":2},"title":"Crude and Commodities falling","author":"Colin Twiggs","date":"April 12, 2012","format":false,"excerpt":"Brent Crude broke support at $122\/barrel, warning of a correction to test $115. Respect of $115 or a 63-day Twiggs Momentum trough above the zero line would signal a strong primary up-trend. In the long term, breakout above $126 would offer a target of $150\/barrel*. * Target calculation: 125 +\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":3814,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/15\/crude-oil-commodities\/","url_meta":{"origin":3287,"position":3},"title":"Crude Oil &#038; Commodities","author":"ColinTwiggs","date":"March 15, 2012","format":false,"excerpt":"Brent crude broke through resistance at $125\/barrel on the Monthly chart, despite the strengthening dollar. Target for the advance is the 2008 high of $145. * Target calculation: 125 + (125 - 100 ) = 150 The broader CRB Commodities Index lags far behind. Breakout above 325 would signal an\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":4116,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/18\/crude-oil-and-commodities-correction\/","url_meta":{"origin":3287,"position":4},"title":"Crude oil and commodities correction","author":"Colin Twiggs","date":"April 18, 2012","format":false,"excerpt":"Brent Crude is headed for a test of medium-term support at $115\/barrel. Respect would confirm the strong primary up-trend; strengthened if 63-day Twiggs Momentum forms a trough above the zero line. Breakout above $126 would offer a target of $150\/barrel*. * Target calculation: 125 + ( 125 - 100 )\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":1432,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/20\/commodities-long-term-trend\/","url_meta":{"origin":3287,"position":5},"title":"Commodities long-term trend","author":"ColinTwiggs","date":"October 20, 2011","format":false,"excerpt":"Brent crude is edging lower in a wide trend channel. Respect of the long-term ascending trendline (on the weekly chart) would suggest upward breakout from the channel -- and a target of $150\/barrel*. Recovery of 63-day Twiggs Momentum above zero would strengthen the signal. * Target calculation: 125 + (\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\/3287","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=3287"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3287\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=3287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=3287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=3287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}