Dominate Your Market
by Jim Wyckoff
See on the daily bar chart for Nymex crude oil futures that price action has turned choppy and sideways the past three weeks–bound by the support and resistance lines seen on the chart. The direction in which crude oil prices break out from the trading range is very likely to be the direction of the next near-term trending move in the oil market. Stay tuned!– Jim
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.