The Nymex crude oil futures market is presently trapped in a choppy trading range, bound by stiff overhead resistance at $50.00 a barrel and by solid support at $45.00. Look for price action in crude oil to remain choppy and sideways for at least the near term. Stay tuned!–Jim
Jim Wyckoff on the Markets includes a comprehensive Daily Markets Update that is emailed to you Monday through Thursday. I give each futures market my exclusive “Wyckoff’s Market Rating.” Every Friday you will receive my Top Trading Opportunities, whereby I provide my top three trading opportunities for the upcoming week, including specific entry points, stop placement points, support and resistance levels and other important analysis. Twice a month, you’ll also receive my bi-weekly newsletter, which includes about 8 markets (including their unique analytical charts) that I have chosen to focus upon. In the bi-weekly newsletter you will also find an educational feature that will help move you up the ladder of trading success.
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