• 14 hours Contrarian Investors Are Beating The Stock Market
  • 17 hours Bulgaria’s Revenue Agency Falls Victim To Biggest Cyber Heist In History
  • 20 hours Amazon Faces European Union Anti-Trust Probe
  • 22 hours Commodities Are Having A Stellar Year
  • 2 days Bezos’ Next Big Project Could Be Worth $100 Billion Per Year
  • 2 days 3,600 Years Later, Climate Change Turns Mammoths Into $40M Market
  • 2 days Tesla, Apple Claim China Is Stealing Intellectual Property
  • 2 days EV Giants Duke It Out For Battery Dominance
  • 3 days Tech Billionaire Takes Aim At Google
  • 3 days Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
  • 3 days Expect A Pullback Before Gold's Next Major Rally
  • 3 days Why Interest On Gold Matters
  • 4 days Ten Extravagant Food Items For The Wealthy Only
  • 4 days Why Saudi Arabia Won't Give Up On The Aramco IPO
  • 5 days $32 Million Crypto Heist Halts Tokyo Exchange
  • 5 days Is A Gold Selloff Looming?
  • 6 days Central Banks Are Stashing Gold And Dumping Treasuries
  • 6 days Three Cannabis Trends Flying Under Investors’ Radars
  • 7 days $1.3 Billion In Cocaine Found On JPMorgan Vessel
  • 7 days Amazon Teams Up With Lady Gaga To Win Over Generation Z
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

Crude Oil - Trading Within Uptrend Channel

Crude oil is consolidating. Hourly support can be found at 42.50 (26/04/2016 low) while resistance can be found at 50.96 (09/10/2015 high). The technical structure suggests a further increase of the commodity,

In the long-term, crude oil is on a sharp decline but is now showing some strong signs of recovery. Strong support lies at 24.82 (13/11/2002) while strong support can be found at 50.96 (09/10/2015 high). Crude oil is holding above its 200-Day Moving Average. Crude oil should recover during this year.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment