Dominate Your Market
by Jim Wyckoff
The Nymex crude oil futures market is starting the trading week under strong selling pressure and the bulls are on the ropes. A close in prices below key chart support at $65.00 would give the bears more power by starting a price downtrend on the daily bar chart. It also now appears a market top is in place. Stay tuned!
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.