Commodity Prices

Gold •15 mins	1,618.60	-24.60	-1.50%
Platinum •15 mins	722.30	-1.50	-0.21%
WTI Crude •11 mins	21.40	+1.31	+6.52%
Gasoline •11 mins	0.626	+0.009	+1.43%
Ethanol •11 hours	0.964	-0.022	-2.23%
Silver •15 mins	14.15	+0.02	+0.13%

Silver • 15 mins	14.15	+0.02	+0.13%
Copper • 15 mins	2.184	+0.029	+1.32%
Brent Crude • 11 mins	27.39	+0.97	+3.67%
Natural Gas • 10 mins	1.720	+0.030	+1.78%
Heating Oil • 10 mins	1.031	+0.016	+1.59%

Headlines

11 hours The Surprising Businesses Deemed “Essential” During The Coronavirus Lockdown
15 hours Priceless Van Gogh "Spring Garden" Painting Stolen
17 hours Oil Falls To $20 For First Time In Nearly Two Decades
19 hours COVID-19 Could Be The End Of U.S. Coal
1 day How Much Does Your Social Security Number Cost? $4 On The Dark Web
3 days Silver Stocks Have Been Decimated In The Coronavirus Sell-Off
4 days How Blockchain Tech Could Make Mergers And Acquisitions More Efficient
4 days America’s Shortage Of This Metal Keeps Trump Up At Night
4 days Bidet Bonanza: Defying The Toilet Paper Shortage
5 days U.S. Auto Sales Fall By 75%
5 days Violating Quarantine? Big Brother Is Watching
6 days Does Gold Still Have Some Room To Run?
6 days Major Acquisition Gives The World’s First Green Ride-Share Another Edge
6 days U.S. Pushes For Digital Currency For Immediate Stimulus
7 days The Impossible Challenges Created By Growing Population
7 days Gold Skyrockets After Fed Pledges "Unlimited" Cash To Boost Economy
7 days World’s Richest Lose $1 Trillion In Stock Market Rout
8 days Gas Stations Shut Down In Venezuela As Coronavirus Crisis Intensifies
8 days The Best And Worse Case Scenario For The U.S. Stock Market
8 days 3 Industries Soaring During The Coronavirus Crisis

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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