Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

NYMEX Oil Remains Firm Above $43.50 Support Despite Intense Price Volatility


Another view of nearby NYMEX Oil, which argues that all of the action off of the April 29 high at $46.78 represents a high-level, bullish-congestion zone above the March-April $43.50-$44.00 upside breakout plateau, which when complete, should resolve itself in a thrust to the upside that projects next to $47.50.

Only a bout of weakness that breaks $43.50/20 will compromise the developing pattern.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!