Dominate Your Market
by Jim Wyckoff
The Nymex crude oil futures market has this week hit a 12-month high and bulls have produced a bullish upside “breakout” from the recent trading range and have also restarted a price uptrend on the daily chart. Look for more upside in crude oil in the near term. Also, crude’s strength is a bullish clue for the entire raw commodity sector, as oil is its leader. 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.