Dominate Your Market
by Jim Wyckoff
The Nymex crude oil futures market has lost altitude recently and prices are now trending lower on the daily bar chart after hitting a 2.5-month low this week. Now, the past of least resistance for oil prices is sideways-to-lower on the daily chart. Multiple daily closes below the key $100.00-a-barrel level in Nymex crude would be another clue that prices are headed still lower. 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.