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Crude oil bears now in control

August 19, 2021 by Jim Wyckoff

The Nymex crude oil futures market has hit a 2.5-month low and prices are trending lower now. Bears are in near-term technical control to suggest prices will continue to trend sideways to lower in the near term. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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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.

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