Commodity Prices

Gold •839 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,647.70	-8.80	-0.53%
WTI Crude •11 mins	99.24	+1.42	+1.45%
Gasoline •36 mins	3.164	+0.047	+1.51%
Ethanol •839 days	2.161	+0.000	+0.00%
Silver •839 days	30.82	+1.16	+3.92%

Silver • 839 days	30.82	+1.16	+3.92%
Copper • 839 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	110.46	+1.67	+1.54%
Natural Gas • 11 mins	2.971	+0.008	+0.27%
Heating Oil • 14 mins	5.008	+0.083	+1.68%

Headlines

1,224 days Will The ECB Continue To Hike Rates?
1,224 days Forbes: Aramco Remains Largest Company In The Middle East
1,226 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,625 days Could Crypto Overtake Traditional Investment?
1,630 days Americans Still Quitting Jobs At Record Pace
1,632 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,635 days Is The Dollar Too Strong?
1,636 days Big Tech Disappoints Investors on Earnings Calls
1,636 days Fear And Celebration On Twitter as Musk Takes The Reins
1,638 days China Is Quietly Trying To Distance Itself From Russia
1,638 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,642 days Crypto Investors Won Big In 2021
1,643 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,643 days Food Prices Are Skyrocketing As Putin’s War Persists
1,646 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,646 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,649 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,650 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,650 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,652 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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 - Short-Term Bullish

By - Feb 19, 2016, 5:40 AM CST

Crude oil's volatility is very strong for the time being. Yet, in the context of oil oversupply, there is still room for further downside moves. Hourly support stand at 28.70 (16/02/2016 low) and hourly resistance can be found at 31.98 (intraday high). Expected to bounce back towards 32.00.

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