Dominate Your Market
by Jim Wyckoff
The Nymex crude oil futures market has once again backed well down from its rally seen last week. This latest price action is one more solid technical clue that the spike high seen in early March is a major market top that won’t be taken out any time soon. Look for choppy and sideways trading action, but with a lower bias, in the near term. Stay tuned! —Jim Wyckoff
There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing on this website is intended to be a trading recommendation to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information on this website.