Dominate Your Market
by Jim Wyckoff
The Nymex crude oil futures bears have retaken near-term control of the market as this week’s price action has negated a fledgling price uptrend on the daily bar chart. Fundamentally, crude oil is slumping on worries about reduced demand for energy in 2023 as global stock markets are wobbly amid concerns about slowing global economic growth in 2023. 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.