Commodity Prices

Gold •236 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	970.60	-17.10	-1.73%
WTI Crude •30 mins	70.70	+0.30	+0.43%
Gasoline •31 mins	2.011	-0.016	-0.77%
Ethanol •236 days	2.161	+0.000	+0.00%
Silver •236 days	30.82	+1.16	+3.92%

Silver • 236 days	30.82	+1.16	+3.92%
Copper • 236 days	4.530	+0.111	+2.51%
Brent Crude • 17 mins	74.91	+0.48	+0.64%
Natural Gas • 30 mins	3.994	-0.240	-5.67%
Heating Oil • 31 mins	2.436	+0.004	+0.14%

Headlines

620 days Will The ECB Continue To Hike Rates?
621 days Forbes: Aramco Remains Largest Company In The Middle East
622 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,022 days Could Crypto Overtake Traditional Investment?
1,027 days Americans Still Quitting Jobs At Record Pace
1,029 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,032 days Is The Dollar Too Strong?
1,032 days Big Tech Disappoints Investors on Earnings Calls
1,033 days Fear And Celebration On Twitter as Musk Takes The Reins
1,035 days China Is Quietly Trying To Distance Itself From Russia
1,035 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,039 days Crypto Investors Won Big In 2021
1,039 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,040 days Food Prices Are Skyrocketing As Putin’s War Persists
1,042 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,043 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,046 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,047 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,047 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,049 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 - Bearish Bias

By - Jun 15, 2016, 6:13 AM CDT

Crude oil's short-term move is bearish. The upward momentum has faded. Hourly support at 47.75 (01/06/2016 low) has been broken while hourly resistance can be found at 51.67 (09/06/2016 high). Expected to go way lower as support at 47.75 has been broken.

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 at 50.96 (09/10/2015 high)has been broken. Crude oil is holding way above its 200-Day Moving Average. Expected to reach 60 before year-end.

Daily Technical Report