• 5 hours Will The Stock Market Really Crash If Trump Isn’t Re-Elected?
  • 8 hours For American Businesses, The Fairy Tale Is Already Over
  • 11 hours Market Mayhem Sparks Worries Of A Looming Recession
  • 13 hours Closure Of World's Most Important Waterway Could Be An Economic Disaster
  • 1 day Would You Give Up Your Privacy For A Few Bucks From Facebook?
  • 1 day The $3.2 Trillion Caspian Caper
  • 2 days The Billion-Dollar Brands Behind The Street Fashion Coup
  • 2 days Gold Miners See Massive Upside Potential As Precious Metals Climb
  • 3 days Colorado Rakes In $1 Billion In Pot Revenue
  • 3 days London Metals Exchange Bars Day Drinking On Trading Floor
  • 4 days Tax Cuts And Cheap Money Push The U.S. Budget Deficit Closer To The Edge
  • 4 days Fake “Made In Vietnam” Certificates On The Rise As China Looks To Skirt Tariffs
  • 4 days Kremlin Moves To Dump The Dollar
  • 5 days How Climate Change Could Lead To A Global Economic Crisis
  • 5 days What Happens When Beijing Is Biggest Owner Of US Debt?
  • 5 days Investors Are Betting Big On Boozeless Bars
  • 5 days Why China Won't Back Down In Trump's Trade War
  • 6 days Los Angeles Ports Are Overflowing With Inventory
  • 6 days Google Just Killed One Of Crypto’s Biggest News Sites
  • 6 days A Perfect Storm Is Brewing For Midwestern Farmers
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

MIG Bank

MIG Bank

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…

Contact Author

  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