Dominate Your Market
by Jim Wyckoff
The Nymex crude oil futures market bulls have clawed back this week, after last week’s drubbing. Oil bulls have some momentum to suggest prices can push a bit higher in the near term. However, bulls need to push prices above strong technical resistance at the January high of $81.50 to better suggest a near-term market bottom is in place. 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.