Commodity Prices

Gold •15 mins	1,751.70	+1.90	+0.11%
Platinum •15 mins	979.90	-17.10	-1.72%
WTI Crude •22 hours	73.98	+0.68	+0.93%
Gasoline •22 hours	2.188	+0.016	+0.74%
Ethanol •21 hours	2.207	+0.000	+0.00%
Silver •15 mins	22.43	-0.25	-1.12%

Silver • 15 mins	22.43	-0.25	-1.12%
Copper • 15 mins	4.286	+0.055	+1.29%
Brent Crude • 21 hours	78.09	+0.84	+1.09%
Natural Gas • 22 hours	5.140	+0.164	+3.30%
Heating Oil • 22 hours	2.267	+0.018	+0.80%

Headlines

3 days 3 Restaurant Stocks In Full Recovery Mode
3 days Bitcoin Is Driven By Testosterone
8 days Quantum Computing Is The Newest Megatrend In Silicon Valley
9 days How To Invest In The Cybersecurity Boom
11 days Investors Are Patient With Unprofitable Giants
13 days Wells Fargo Back In The Scandal Spotlight Once Again
15 days 5 Stocks To Keep A Close Eye On This Year
16 days As Auto Giants Flail, Look To Chip Stocks For Gains
17 days Central America Is Ready For The Bitcoin Hustle
19 days China’s Video Game Restrictions Unlikely To Slow Down Booming Industry
20 days Top Performing Stocks As Inflation Fears Grow
21 days US Airline Stocks Take A Beating On New EU Restrictions
22 days This IPO Could Open Sustainable Fashion Floodgates
23 days Crypto Crime Nets Another $2B Fraudster
25 days This Week’s Hottest Meme Stocks
26 days Why World Markets Should Be Watching Germany Closely
28 days Could ‘Cultured’ Meat Rival The Plant-Based Megatrend?
31 days ‘Easy Money’: Crypto Is Still Attracting Newbie Investors
32 days Foreign Syndicates May Have Stolen Up To $400B In COVID Benefits
33 days Gold Jumps Above $1800 Ahead Of Jackson Hole Summit

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around 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 - Bearish Pressure Remains

By - Feb 03, 2016, 6:12 AM CST

Crude continues to move lower towards support at 29.39 (26/01/2016).The technical structure remains clearly negative in a context of oil oversupply. The short-term retracement is now ending. Hourly support is given at 26.19 (20/01/2016 low). Expected to see further decline.

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