{"id":9179,"date":"2014-02-11T00:16:17","date_gmt":"2014-02-11T05:16:17","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=9179"},"modified":"2014-02-11T00:16:17","modified_gmt":"2014-02-11T05:16:17","slug":"crude-double-bottom","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/","title":{"rendered":"Crude double bottom"},"content":{"rendered":"<p>Nymex Light Crude is testing resistance at $100\/barrel. Breakout would complete a double bottom reversal, offering a target of $108\/barrel*. Respect of resistance, however, would suggest another test of primary support at $92. Recovery of US stocks would lift crude prices in anticipation of increased demand. Brent crude is more directionless, affected by both UK North Sea supply concerns as well as <a href=\"http:\/\/www.moneycontrol.com\/news\/brokerage-recos-commodities\/buy-crude-nymex-mar-contract-at-369735-9725-karvy_1038133.html\">reports<\/a> of increased output from Libya.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Brent Crude and Nymex Crude\" title=\"Brent Crude and Nymex Crude\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-02-10-crude.png?w=525&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 100 + ( 100 &#8211; 92 ) = 108<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nymex Light Crude is testing resistance at $100\/barrel. Breakout would complete a double bottom reversal, offering a target of $108\/barrel*. Respect of resistance, however, would suggest another test of primary support at $92. Recovery of US stocks would lift crude prices in anticipation of increased demand. Brent crude is more directionless, affected by both UK &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude double bottom&#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":[44],"tags":[],"class_list":["post-9179","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crude double bottom - 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 double bottom - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Nymex Light Crude is testing resistance at $100\/barrel. Breakout would complete a double bottom reversal, offering a target of $108\/barrel*. Respect of resistance, however, would suggest another test of primary support at $92. Recovery of US stocks would lift crude prices in anticipation of increased demand. Brent crude is more directionless, affected by both UK &hellip; Continue reading &quot;Crude double bottom&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/\" \/>\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=\"2014-02-11T05:16:17+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2014\/2014-02-10-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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Crude double bottom\",\"datePublished\":\"2014-02-11T05:16:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/\"},\"wordCount\":73,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2014\/2014-02-10-crude.png\",\"articleSection\":[\"Crude Oil &amp; Natural Gas\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/\",\"name\":\"Crude double bottom - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2014\/2014-02-10-crude.png\",\"datePublished\":\"2014-02-11T05:16:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2014\/2014-02-10-crude.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2014\/2014-02-10-crude.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crude double bottom\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Respect of resistance is likely, given the primary down-trend, and would suggest another test of primary support at $92\/barrel. Breach of primary support would offer a target of $84\/barrel*. Recovery above $100 is unlikely and another 13-week Twiggs\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; 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":8338,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/28\/commodities-rise-as-the-dollar-falls\/","url_meta":{"origin":9179,"position":1},"title":"Commodities rise as the Dollar falls","author":"ColinTwiggs","date":"August 28, 2013","format":false,"excerpt":"Dollar Index The Dollar Index is testing primary support at 80.50. Bearish divergence on weekly Twiggs Momentum warns of a primary down-trend and breach of support at 80.50 would confirm. Respect of support and recovery above 82, however, would indicate an up-swing to 84.50. Crude Oil Nymex WTI light crude\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9268,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/20\/crude-and-commodities-signal-up-trend\/","url_meta":{"origin":9179,"position":2},"title":"Crude and commodities signal recovery","author":"ColinTwiggs","date":"February 20, 2014","format":false,"excerpt":"The Dow Jones-UBS Commodity Index followed through above resistance at 128, after breaking its descending trendline, completing a double bottom reversal with a target of 134*. Breakout above 134 would confirm a primary up-trend. * Target calculation: 128 + ( 128 - 122 ) = 134 Nymex Light Crude followed,\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7705,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/05\/gold-and-crude-bear-market-rally\/","url_meta":{"origin":9179,"position":3},"title":"Gold and crude bear market rally","author":"ColinTwiggs","date":"May 5, 2013","format":false,"excerpt":"Gold is testing resistance at $1500. There has been much discussion in the media of strong buying of physical gold, but this is not confirmed by the chart. Gold now presents a strong setup for a short trade. After a reasonable bear market rally, price is now consolidating below resistance\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; 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":8452,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/09\/18\/gold-eases-as-bond-yields-rise\/","url_meta":{"origin":9179,"position":4},"title":"Gold eases as bond yields rise","author":"ColinTwiggs","date":"September 18, 2013","format":false,"excerpt":"Spot gold encountered short-term support at $1300\/ounce, but the correction is far from over. A rally would be likely to encounter resistance at $1350, while failure would test $1275. Respect of $1275 would be bullish, but the primary trend is downward and another test of support at $1200 remains likely.\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9081,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/01\/29\/light-crude-finds-support\/","url_meta":{"origin":9179,"position":5},"title":"Light crude finds support","author":"ColinTwiggs","date":"January 29, 2014","format":false,"excerpt":"Nymex Light Crude found support at $92\/barrel. Penetration of the descending trendline would suggest trend weakness, while respect would signal another test of primary support at $92\/barrel. Breach of primary support would offer a target of $84\/barrel*. Recovery above $100 is unlikely and another 13-week Twiggs Momentum peak below zero\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9179","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=9179"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9179\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=9179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=9179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=9179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}