Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,990.30	+46.60	+2.40%
WTI Crude •11 mins	94.96	-0.59	-0.62%
Gasoline •11 mins	3.146	+0.019	+0.61%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	108.21	-0.44	-0.40%
Natural Gas • 11 mins	3.122	-0.044	-1.39%
Heating Oil • 13 mins	4.385	+0.043	+0.99%

Headlines

1,009 days Will The ECB Continue To Hike Rates?
1,009 days Forbes: Aramco Remains Largest Company In The Middle East
1,011 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,411 days Could Crypto Overtake Traditional Investment?
1,415 days Americans Still Quitting Jobs At Record Pace
1,417 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,420 days Is The Dollar Too Strong?
1,421 days Big Tech Disappoints Investors on Earnings Calls
1,422 days Fear And Celebration On Twitter as Musk Takes The Reins
1,423 days China Is Quietly Trying To Distance Itself From Russia
1,424 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,428 days Crypto Investors Won Big In 2021
1,428 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,429 days Food Prices Are Skyrocketing As Putin’s War Persists
1,431 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,431 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,435 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,435 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,436 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,438 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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

OILUSD - Pause Ffter Bullish Bounce

By - Apr 12, 2016, 6:07 AM CDT

Crude oil is moving above above short-term declining channel suggesting further buying pressure. Hourly resistance is given at 40.70 (11/04/2016 high) then 41.90 (22/03/2016 high). Hourly support is now given at 39.98 (11/04/2016 low).

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