Commodity Prices

Gold •15 mins	1,751.40	+22.60	+1.31%
Platinum •15 mins	1,229.70	+44.40	+3.75%
WTI Crude •11 mins	62.64	+1.14	+1.85%
Gasoline •10 mins	1.986	+0.035	+1.79%
Ethanol •8 hours	1.690	-0.039	-2.26%
Silver •15 mins	27.02	+0.58	+2.19%

Silver • 15 mins	27.02	+0.58	+2.19%
Copper • 15 mins	4.157	+0.065	+1.58%
Brent Crude • 11 mins	65.63	+1.21	+1.88%
Natural Gas • 10 mins	2.783	+0.012	+0.43%
Heating Oil • 10 mins	1.873	+0.030	+1.61%

Headlines

2 days he Token Boom Spawns Digital Gold Mine in Art, Collectibles
3 days The “Oil Of The Future” Is Set To Soar In 2021
3 days Wealthy Could End Up Footing The Bill For States’ Budget Shortfalls
4 days Could This Be The Hottest Commodity Play Of 2021?
4 days JP Morgan Says Fintech Will Steal The Disruptor Show
6 days Facebook Plays Dirty Down Under
7 days Could This Be The Most Exciting Lithium Play Of 2021?
9 days China Sidelines US As EU’s New Top Trading Partner
11 days 3 Smart Ways To Play the Global Chip Shortage
12 days Flying Taxis Are The Number One Speculative Bull Arena
13 days Ocean Power: The Missing Link
18 days Luxembourg’s Ultra-Secrecy Still Attracts Hundreds Of Billionaires
19 days Robinhood Is Under Fire And Trading ‘Democracy’ Is In Question
20 days Bitcoin Could Be Worth $12 Trillion In The Long-Term
21 days The Biggest Tech IPO Since Uber … For Farmers
23 days The Biggest Boost Yet for the Cannabis Industry
24 days Biden Administration Signs $231 Million Deal For At Home COVID Tests
25 days China’s Tech Billionaire Ma Is Back And ‘Compliant’
26 days Gamestop Crashes By 60% But The Story Is Far From Over
28 days Crypto Crime Is Plummeting

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Feds Continue To Prop Up Equities Markets

The bull market of 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 - 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