Commodity Prices

Gold •23 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	944.40	-1.30	-0.14%
WTI Crude •2 hours	77.16	-1.12	-1.43%
Gasoline •2 hours	2.461	-0.007	-0.29%
Ethanol •23 days	2.161	+0.000	+0.00%
Silver •23 days	30.82	+1.16	+3.92%

Silver • 23 days	30.82	+1.16	+3.92%
Copper • 23 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	81.13	-1.24	-1.51%
Natural Gas • 2 hours	2.006	-0.035	-1.71%
Heating Oil • 2 hours	2.420	-0.052	-2.08%

Headlines

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

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 - 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