{"id":3988,"date":"2012-03-29T03:02:05","date_gmt":"2012-03-29T07:02:05","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=3988"},"modified":"2012-03-29T03:02:05","modified_gmt":"2012-03-29T07:02:05","slug":"crude-oil-finds-resistance-while-commodities-weaken","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/","title":{"rendered":"Crude oil finds resistance while commodities weaken"},"content":{"rendered":"<p>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.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-03-29-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>Despite the weakening dollar, CRB Commodities Index is testing medium-term support at 310. Failure would indicate another test of primary support at 295. Breach of the long-term rising trendline would warn that the 4-year up-trend (similar to that of gold) is coming to an end. Recovery above 330 is as likely, however, and would signal the start of a primary advance, with a long-term target of 350.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-03-29-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 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 &#8211; 100 ) = 150 Despite the weakening dollar, CRB Commodities Index is testing medium-term support at 310. Failure would indicate another test of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude oil finds resistance while commodities weaken&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"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-3988","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 finds resistance while commodities weaken - 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 finds resistance while commodities weaken - the patient investor\" \/>\n<meta property=\"og:description\" content=\"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 &#8211; 100 ) = 150 Despite the weakening dollar, CRB Commodities Index is testing medium-term support at 310. Failure would indicate another test of &hellip; Continue reading &quot;Crude oil finds resistance while commodities weaken&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/\" \/>\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:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-03-29T07:02:05+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2012\/2012-03-29-crude.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\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\/29\/crude-oil-finds-resistance-while-commodities-weaken\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Crude oil finds resistance while commodities weaken\",\"datePublished\":\"2012-03-29T07:02:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/\"},\"wordCount\":98,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-03-29-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\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/\",\"name\":\"Crude oil finds resistance while commodities weaken - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-03-29-crude.png\",\"datePublished\":\"2012-03-29T07:02:05+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-03-29-crude.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-03-29-crude.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/crude-oil-finds-resistance-while-commodities-weaken\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crude oil finds resistance while commodities weaken\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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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 &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":3287,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/12\/crude-oil-and-commodities-threaten-breakout\/","url_meta":{"origin":3988,"position":1},"title":"Crude oil and commodities threaten breakout","author":"ColinTwiggs","date":"January 12, 2012","format":false,"excerpt":"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 -- not a good sign for the global economy. In the long term, recovery above $125 would offer a target 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":[]},{"id":4060,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/12\/crude-and-commodities-falling\/","url_meta":{"origin":3988,"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":4116,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/18\/crude-oil-and-commodities-correction\/","url_meta":{"origin":3988,"position":3},"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":3914,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/crude-commodities\/","url_meta":{"origin":3988,"position":4},"title":"Crude &#038; 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 &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":4211,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/26\/crude-and-commodities\/","url_meta":{"origin":3988,"position":5},"title":"Crude and commodities","author":"Colin Twiggs","date":"April 26, 2012","format":false,"excerpt":"Brent Crude is drifting lower but so far has not seriously tested medium-term support at $115\/barrel. Respect would confirm the primary up-trend, offering a target of $135*. Respect of the zero line by 63-day Twiggs Momentum would also strengthen the signal. * Target calculation: 125 + ( 125 - 115\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\/3988","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=3988"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3988\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=3988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=3988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=3988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}