Dominate Your Market
by Jim Wyckoff
The Nymex crude oil futures market remains in a price downtrend on the daily bar chart and the bears have the overall near-term technical advantage. Prices recently hit a four-month low. Crude oil is the leader of the raw commodity sector, so the down-trending oil prices are a bearish element for the entire sector. The other commodity markets are likely to see rallies limited as long as crude is trending down. 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.