Commodity Prices

Gold •357 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,402.70	+59.70	+4.45%
WTI Crude •10 mins	66.27	+1.35	+2.08%
Gasoline •14 mins	2.119	+0.037	+1.76%
Ethanol •357 days	2.161	+0.000	+0.00%
Silver •357 days	30.82	+1.16	+3.92%

Silver • 357 days	30.82	+1.16	+3.92%
Copper • 357 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.81	+1.13	+1.67%
Natural Gas • 14 mins	3.246	-0.160	-4.70%
Heating Oil • 11 mins	2.376	+0.079	+3.45%

Headlines

742 days Will The ECB Continue To Hike Rates?
742 days Forbes: Aramco Remains Largest Company In The Middle East
744 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,144 days Could Crypto Overtake Traditional Investment?
1,149 days Americans Still Quitting Jobs At Record Pace
1,151 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,154 days Is The Dollar Too Strong?
1,154 days Big Tech Disappoints Investors on Earnings Calls
1,155 days Fear And Celebration On Twitter as Musk Takes The Reins
1,157 days China Is Quietly Trying To Distance Itself From Russia
1,157 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,161 days Crypto Investors Won Big In 2021
1,161 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,162 days Food Prices Are Skyrocketing As Putin’s War Persists
1,164 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,165 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,168 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,169 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,169 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,171 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

Crude Oil - Growing Bullish Momentum

By - Feb 01, 2016, 5:01 AM CST

Crude oil keeps on being very volatile. The medium-term technical structure remains clearly negative in a context of oil oversupply but there is a strong short-term upside move. Hourly support is given at 26.19 (20/01/2016 low). Expected to see further short-term increase.

In the long-term, crude oil is on a sharp decline and is of course no showing any signs of recovery. Strong support at 24.82 (13/11/2002) is now on target. Crude oil is holding way below its 200-Day Moving Average (setting up at around 47). There are currently no signs that a reverse trend may happen.

Daily Technical Report