Commodity Prices

Gold •15 mins	1,778.90	+2.20	+0.12%
Platinum •15 mins	1,102.50	+6.40	+0.58%
WTI Crude •11 mins	73.31	+0.01	+0.01%
Gasoline •17 mins	2.278	-0.003	-0.13%
Ethanol •5 hours	2.480	+0.000	+0.00%
Silver •15 mins	26.22	+0.17	+0.63%

Silver • 15 mins	26.22	+0.17	+0.63%
Copper • 15 mins	4.313	+0.008	+0.17%
Brent Crude • 11 mins	75.59	+0.03	+0.04%
Natural Gas • 14 mins	3.416	-0.002	-0.06%
Heating Oil • 2 hours	2.168	+0.005	+0.24%

Headlines

1 day Welcome To The Used Car Bonanza
2 days The Year Of The Retail Investor Keeps Getting Bigger
3 days Airlines Could Recover, But Crew Remain Elusive
3 days Meet The Man Behind The World's Most Exciting Oil Play
4 days Crypto-Mining Immigration Could Be The Start Of A New Trend
6 days Hawkish Fed Sends Gold Prices Crashing
7 days Bezos Is Heading To Space This Sunday
11 days El Salvador’s Surprise Bitcoin Move
14 days Markets Unfazed As Inflation Hits 13-Year High
14 days How the Token Economy is Disrupting Financial Markets
17 days FBI Investigating 100 Types Of Ransomware Attacks
18 days Fed Ends Corporate Credit Emergency Lending Program
20 days AMC Becomes the Latest Winning Meme Stock After GameStop
22 days The Real Reason Your 401k Has Been Lagging
22 days China Lifts Cap On Births, Allows Three Children Per Couple
24 days The Market Is Ripe For Another GameStop Saga
27 days Senate Grills Big Banks Over Pandemic Opportunism
29 days Cannabis Has A Major Cash Problem
29 days Ransomware Netted Criminals $350M In 2020 Alone
30 days Russia Is Taking On Google

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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 - Strong Selling Pressures Area

By - Jun 23, 2016, 6:02 AM CDT

Crude oil is moving sideways around the 50- mark. Hourly support now lie at 48.16 (22/06/2016 low). Resistance can be found at 51.67 (09/06/2016 high). A break of resistance at 51.67 is necessary to confirm that buying pressures are significant.

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