• 5 hours China To Build Solar Space Station
  • 23 hours Why Is Russia Turning Off Its Internet?
  • 1 day Gold-Stock Mega-Mergers Are Bad News For Shareholders
  • 2 days 166-Year-Old Fashion Icon Plans IPO
  • 2 days Copper Prices Stabilize After 5-Day Decline
  • 3 days Amazon Bails On NYC
  • 3 days Central Bank Gold Binge Sparks Buying Signal
  • 3 days Are Democrats Right To Dismiss Nuclear Energy?
  • 3 days JP Morgan Launches A Cryptocurrency
  • 4 days China’s Mountain Of Debt Is About To Crumble
  • 4 days Medical Bankruptcy Is Killing The American Middle Class
  • 4 days Gold Jewelry Fuels $20 Billion Valentine’s Spending Spree
  • 4 days Gold Inches Upward On Dollar Weakness
  • 5 days The Geopolitics Of Cheap Tabloids
  • 5 days Is Germany’s New Industrial Strategy Good For Its Economy?
  • 5 days The Biggest Bottleneck In The Renewable Revolution
  • 5 days Major Gold Analysts Predict A Good Year For Precious Metals
  • 6 days 40% Of Canadians Pay Zero Income Tax
  • 6 days Markets Turn Bullish After Bad Fourth Quarter
  • 6 days Tesla Dominates Latest Global EV Sales List
Saudi Arabia Plays Both Sides Of Russia-U.S. Spat

Saudi Arabia Plays Both Sides Of Russia-U.S. Spat

Saudi Arabia’s ongoing-and-growing relationships with…

The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

  1. Home
  2. Markets
  3. Other

Crude Oil - Targeting The 50-Dollar Mark

Crude oil continues to push higher. 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 continued increase of the commodity.

In the long-term, crude oil is now recovering from its sharp decline and the signs of recovery are now strong. Strong support lies at 24.82 (13/11/2002) while strong resistance can be found at 50.96 (09/10/2015 high). Crude oil is holding way above its 200-Day Moving Average. Expected to reach 60 before year-end.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment