Dominate Your Market
by Jim Wyckoff
See on the daily bar chart for April Nymex crude oil futures that prices have moved back down into the bottom portion of a wide trading range of the past several months. The bears have the near-term technical advantage. However, there are now strong technical support levels that lie just below the market, which could very well provide a floor under prices in the coming weeks. 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.