Commodity Prices

Gold •660 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,030.40	-8.00	-0.39%
WTI Crude •20 hours	94.40	-1.45	-1.51%
Gasoline •20 hours	3.463	+0.001	+0.01%
Ethanol •661 days	2.161	+0.000	+0.00%
Silver •660 days	30.82	+1.16	+3.92%

Silver • 660 days	30.82	+1.16	+3.92%
Copper • 660 days	4.530	+0.111	+2.51%
Brent Crude • 19 hours	105.33	+0.26	+0.25%
Natural Gas • 20 hours	2.523	-0.091	-3.48%
Heating Oil • 20 hours	3.887	-0.101	-2.53%

Headlines

1,045 days Will The ECB Continue To Hike Rates?
1,045 days Forbes: Aramco Remains Largest Company In The Middle East
1,047 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,447 days Could Crypto Overtake Traditional Investment?
1,452 days Americans Still Quitting Jobs At Record Pace
1,454 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,457 days Is The Dollar Too Strong?
1,457 days Big Tech Disappoints Investors on Earnings Calls
1,458 days Fear And Celebration On Twitter as Musk Takes The Reins
1,460 days China Is Quietly Trying To Distance Itself From Russia
1,460 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,464 days Crypto Investors Won Big In 2021
1,464 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,465 days Food Prices Are Skyrocketing As Putin’s War Persists
1,467 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,468 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,471 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,472 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,472 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,474 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

How Millennials Are Reshaping Real Estate

The real estate market is…

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

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