{"id":3756,"date":"2012-03-08T04:05:54","date_gmt":"2012-03-08T09:05:54","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=3756"},"modified":"2012-03-08T04:05:54","modified_gmt":"2012-03-08T09:05:54","slug":"brent-crude-headed-for-145","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/","title":{"rendered":"Brent crude headed for $145"},"content":{"rendered":"

The long-term, monthly chart shows Brent crude testing resistance at $125\/barrel. Breakout would signal an advance to the 2008 high of $145. With 63-day Twiggs Money Flow (above zero) flagging a primary up-trend, respect of resistance is unlikely but would indicate another test of the rising green trendline, above $110.<\/p>\n

\"ICE<\/p>\n

* Target calculation: 125 + ( 125 – 100 ) = 150<\/span><\/p>\n

I warned in May last year<\/a> that every spike in crude oil prices over the last 40 years has been followed by a recession<\/strong>. Reading an article today by James Hamilton<\/a>, he maintains that:<\/p>\n

“There is a good deal of statistical evidence… that an oil price increase that does no more than reverse an earlier decline has a much more limited effect on the economy than if the price of oil surges to a new all-time high.”<\/p><\/blockquote>\n

I can find no evidence to support this, especially when two spikes below the 1980 high of $40\/barrel — in 1990 and 2000 — both resulted in recessions:<\/p>\n

\"Crude<\/p>\n

US Gasoline and Fuel Oil Expenditure (as a percentage of Total Personal Consumption) gives an even clearer picture of the relationship between crude oil prices and recessions.<\/p>\n

\"US<\/p>\n

Every spike in Gasoline and Fuel Oil Expenditure over the last 40 years has been followed by a recession — even the twin spikes in 1980 and 1981. One possible exception is the 2002-2006 rise which was only followed by recession in late 2007. This was the era of the “Greenspan bubble” when interest rates were held at low levels for an inordinate length of time, fueling the global financial crisis in 2007\/2008. I guess most of us would have settled for a milder recession in 2005.<\/p>\n

The weight of evidence favors another recession following the latest oil price spike, though the Fed should have sufficient ammunition to postpone this until after the election.<\/p>\n","protected":false},"excerpt":{"rendered":"

The long-term, monthly chart shows Brent crude testing resistance at $125\/barrel. Breakout would signal an advance to the 2008 high of $145. With 63-day Twiggs Money Flow (above zero) flagging a primary up-trend, respect of resistance is unlikely but would indicate another test of the rising green trendline, above $110. * Target calculation: 125 + … <\/p>\n

Continue reading “Brent crude headed for $145”<\/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":[495,1517],"class_list":["post-3756","post","type-post","status-publish","format-standard","hentry","category-gold-commodities","tag-brent-crude","tag-gasoline-and-fuel-oil-expenditure"],"yoast_head":"\nBrent crude headed for $145 - 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=\"Brent crude headed for $145 - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The long-term, monthly chart shows Brent crude testing resistance at $125\/barrel. Breakout would signal an advance to the 2008 high of $145. With 63-day Twiggs Money Flow (above zero) flagging a primary up-trend, respect of resistance is unlikely but would indicate another test of the rising green trendline, above $110. * Target calculation: 125 + … Continue reading "Brent crude headed for $145"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2012-03-08T09:05:54+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2012\/2012-03-07-crude.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/08\\\/brent-crude-headed-for-145\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/08\\\/brent-crude-headed-for-145\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Brent crude headed for $145\",\"datePublished\":\"2012-03-08T09:05:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/08\\\/brent-crude-headed-for-145\\\/\"},\"wordCount\":290,\"commentCount\":8,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/08\\\/brent-crude-headed-for-145\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2012\\\/2012-03-07-crude.png\",\"keywords\":[\"Brent crude\",\"Gasoline and Fuel Oil Expenditure\"],\"articleSection\":[\"Gold & Commodities\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/08\\\/brent-crude-headed-for-145\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/08\\\/brent-crude-headed-for-145\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/08\\\/brent-crude-headed-for-145\\\/\",\"name\":\"Brent crude headed for $145 - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/08\\\/brent-crude-headed-for-145\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/08\\\/brent-crude-headed-for-145\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2012\\\/2012-03-07-crude.png\",\"datePublished\":\"2012-03-08T09:05:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/08\\\/brent-crude-headed-for-145\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/08\\\/brent-crude-headed-for-145\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/08\\\/brent-crude-headed-for-145\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2012\\\/2012-03-07-crude.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2012\\\/2012-03-07-crude.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/08\\\/brent-crude-headed-for-145\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brent crude headed for $145\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"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\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Brent crude headed for $145 - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Brent crude headed for $145 - the patient investor","og_description":"The long-term, monthly chart shows Brent crude testing resistance at $125\/barrel. Breakout would signal an advance to the 2008 high of $145. With 63-day Twiggs Money Flow (above zero) flagging a primary up-trend, respect of resistance is unlikely but would indicate another test of the rising green trendline, above $110. * Target calculation: 125 + … Continue reading \"Brent crude headed for $145\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2012-03-08T09:05:54+00:00","og_image":[{"url":"http:\/\/static.incrediblecharts.com\/images\/2012\/2012-03-07-crude.png","type":"","width":"","height":""}],"author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Brent crude headed for $145","datePublished":"2012-03-08T09:05:54+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/"},"wordCount":290,"commentCount":8,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-03-07-crude.png","keywords":["Brent crude","Gasoline and Fuel Oil Expenditure"],"articleSection":["Gold & Commodities"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/","name":"Brent crude headed for $145 - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-03-07-crude.png","datePublished":"2012-03-08T09:05:54+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-03-07-crude.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-03-07-crude.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Brent crude headed for $145"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","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-YA","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":3814,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/15\/crude-oil-commodities\/","url_meta":{"origin":3756,"position":0},"title":"Crude Oil & 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 "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":2497,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/01\/crude-oil\/","url_meta":{"origin":3756,"position":1},"title":"Crude oil","author":"ColinTwiggs","date":"December 1, 2011","format":false,"excerpt":"Brent Crude again found support at $105\/barrel. Breakout above the trend channel and resistance at $115 would signal the end of the bear-trend and another test of $125. Recovery of 63-day Twiggs Momentum above zero would likewise suggest a primary advance. Failure would re-test primary support at $99. * Target\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":3988,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/","url_meta":{"origin":3756,"position":2},"title":"Crude oil finds resistance while commodities weaken","author":"Colin Twiggs","date":"March 29, 2012","format":false,"excerpt":"Brent crude is consolidating in a narrow range below $125\/$126 per barrel. 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 "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":3408,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/02\/crude-oil-and-commodities\/","url_meta":{"origin":3756,"position":3},"title":"Crude oil and commodities","author":"ColinTwiggs","date":"February 2, 2012","format":false,"excerpt":"The weakening dollar is driving up commodity prices. Brent crude is headed for a test of resistance at $115\/barrel after earlier breaching the declining trendline, indicating that a bottom is forming. Breakout would signal the start of a primary up-trend, with an initial target of the 2011 highs at $125*.\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":3914,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/crude-commodities\/","url_meta":{"origin":3756,"position":4},"title":"Crude & Commodities","author":"Colin Twiggs","date":"March 22, 2012","format":false,"excerpt":"Crude oil is rising because of tensions over Iran, but commodities lag far behind, hurt by a stronger dollar and weak global demand. Brent crude is testing resistance at $125\/$126 per barrel on the Weekly chart. Narrow consolidation is a bullish sign. Breakout would signal an advance to $150*. *\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":4025,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/04\/crude-oil-commodities-2\/","url_meta":{"origin":3756,"position":5},"title":"Crude oil & commodities","author":"Colin Twiggs","date":"April 4, 2012","format":false,"excerpt":"Brent crude continues to consolidate below resistance at $125\/$126 per barrel. Upward breakout would signal a primary advance with a long-term target of $150*. Reversal below $122 is less likely but would warn of a correction to test support at $115. * Target calculation: 125 + ( 125 - 100\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":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3756","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=3756"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3756\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=3756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=3756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=3756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}