Dominate Your Market
by Jim Wyckoff
The Nymex crude oil futures market has backed way down from its recent high and prices are now not far above the major psychological support level of $100.00 a barrel. Technical odds are now high that a market top is in place in crude oil and that prices will indeed challenge, if not drop below, $100.00 in the not-too-distant future. The crude oil bears have momentum on their side. 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.