Dominate Your Market
by Jim Wyckoff
The Nymex crude oil futures market remains trapped in a price downtrend on the daily bar chart, which suggests the path of least resistance for prices will remain sideways to lower in the near term. A drop in prices below strong chart support at $85.00 would likely trigger sell stop orders in the futures market, to push prices 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.