{"id":9765,"date":"2014-05-03T00:47:49","date_gmt":"2014-05-03T04:47:49","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=9765"},"modified":"2014-05-03T00:47:49","modified_gmt":"2014-05-03T04:47:49","slug":"crude-and-commodities-retrace","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/03\/crude-and-commodities-retrace\/","title":{"rendered":"Crude and commodities retrace"},"content":{"rendered":"

The Dow Jones-UBS Commodity Index is again retracing to test support at 133\/134, but is clearly in a primary up-trend (with breakout above 134 following earlier recovery of 13-week Twiggs Momentum above zero). Target for the advance is 144*. Reversal below 133 is unlikely, but would warn of a bull trap.<\/p>\n

\"Dow<\/p>\n

* Target calculation: 134 + ( 134 – 124 ) = 144<\/p>\n

Crude oil, the most highly-traded commodity, is also retracing, with Nymex Light Crude headed for a test of primary support at $98\/barrel*. Breach of support would signal a primary down-trend. Respect of support would indicate another test of $105. Brent crude, while declining slightly, would need to penetrate support at $104\/barrel to signal a down-trend.<\/p>\n

\"Brent<\/p>\n

* Target calculation: 105 + ( 105 – 98 ) = 112<\/p>\n","protected":false},"excerpt":{"rendered":"

The Dow Jones-UBS Commodity Index is again retracing to test support at 133\/134, but is clearly in a primary up-trend (with breakout above 134 following earlier recovery of 13-week Twiggs Momentum above zero). Target for the advance is 144*. Reversal below 133 is unlikely, but would warn of a bull trap. * Target calculation: 134 … <\/p>\n

Continue reading “Crude and commodities retrace”<\/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":[43,44],"tags":[495,1125,2526],"class_list":["post-9765","post","type-post","status-publish","format-standard","hentry","category-commodities-gold-commodities","category-crude-oil-natural-gas","tag-brent-crude","tag-dow-jones-ubs-commodities-index","tag-nymex-crude"],"yoast_head":"\nCrude and commodities retrace - 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 and commodities retrace - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The Dow Jones-UBS Commodity Index is again retracing to test support at 133\/134, but is clearly in a primary up-trend (with breakout above 134 following earlier recovery of 13-week Twiggs Momentum above zero). 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Recovery of 13-week Momentum above zero indicates a primary up-trend. Breakout above $105 would confirm, offering a target of $112*. Brent crude, however, continues to range between $104 and $112\/barrel. * Target calculation: 105 + ( 105 -\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/"},"img":{"alt_text":"Brent Crude and Nymex Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-04-14-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-04-14-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-04-14-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":9268,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/20\/crude-and-commodities-signal-up-trend\/","url_meta":{"origin":9765,"position":1},"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 "Commodities"","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":7927,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/19\/gold-falls-while-treasury-yields-rise\/","url_meta":{"origin":9765,"position":2},"title":"Gold falls while Treasury yields rise","author":"ColinTwiggs","date":"June 19, 2013","format":false,"excerpt":"Gold is testing primary support at $1340\/ounce. Breach of support would signal another primary decline, while follow-through below $1320 would confirm. Declining 13-week Twiggs Momentum below zero indicates a healthy primary down-trend. Breach of primary support would offer a target of $1100*. * Target calculation: 1300 - ( 1500 -\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"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":9765,"position":3},"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 "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10466,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/07\/31\/commodities-weaken-on-soft-demand\/","url_meta":{"origin":9765,"position":4},"title":"Commodities weaken on soft demand","author":"ColinTwiggs","date":"July 31, 2014","format":false,"excerpt":"Crude oil prices fell sharply in July, especially Brent Crude [pink] which is testing support at $104\/$106 per barrel. Breach of that support level, or $98\/$100 for Nymex Light Crude, would signal a primary down-trend. Commodity prices have weakened in sympathy, with Dow Jones-UBS Commodity Index falling sharply since breaking\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"Nymex WTI Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-07-31-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-07-31-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-07-31-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":10606,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/08\/14\/crude-and-commodities-weaken\/","url_meta":{"origin":9765,"position":5},"title":"Crude and commodities weaken","author":"ColinTwiggs","date":"August 14, 2014","format":false,"excerpt":"Crude oil prices are falling. Nymex Light Crude broke support at $98\/barrel, signaling a test of primary support at $92\/barrel, while Brent Crude is testing primary support at $104. Retreat of 13-week Twiggs Momentum below zero already warns of a Nymex (CL) down-trend. Commodity prices are being dragged down, with\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/"},"img":{"alt_text":"Nymex WTI Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-08-14-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-08-14-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-08-14-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9765","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=9765"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9765\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=9765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=9765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=9765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}