Commodity Prices

Gold •688 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,939.70	-25.10	-1.28%
WTI Crude •14 hours	96.60	+0.25	+0.26%
Gasoline •14 hours	3.454	+0.074	+2.20%
Ethanol •688 days	2.161	+0.000	+0.00%
Silver •688 days	30.82	+1.16	+3.92%

Silver • 688 days	30.82	+1.16	+3.92%
Copper • 688 days	4.530	+0.111	+2.51%
Brent Crude • 13 hours	103.54	+0.96	+0.94%
Natural Gas • 14 hours	2.907	-0.111	-3.68%
Heating Oil • 14 hours	3.888	+0.056	+1.47%

Headlines

1,073 days Will The ECB Continue To Hike Rates?
1,073 days Forbes: Aramco Remains Largest Company In The Middle East
1,075 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,475 days Could Crypto Overtake Traditional Investment?
1,480 days Americans Still Quitting Jobs At Record Pace
1,482 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,485 days Is The Dollar Too Strong?
1,485 days Big Tech Disappoints Investors on Earnings Calls
1,486 days Fear And Celebration On Twitter as Musk Takes The Reins
1,487 days China Is Quietly Trying To Distance Itself From Russia
1,488 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,492 days Crypto Investors Won Big In 2021
1,492 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,493 days Food Prices Are Skyrocketing As Putin’s War Persists
1,495 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,496 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,499 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,500 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,500 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,502 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - Setting A New 13-Year Low

By - Feb 12, 2016, 6:04 AM CST

Crude oil is definitely not recovering. The technical structure remains clearly negative in a context of oil oversupply. Hourly support at 26.19 (20/01/2016 low) has been broken. Hourly resistance may be found at 34.82 (28/01/2016 high). Expected to show 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