Commodity Prices

Gold •15 mins	1,645.80	-9.80	-0.59%
Platinum •15 mins	851.20	-5.30	-0.62%
WTI Crude •11 mins	77.98	-0.76	-0.97%
Gasoline •10 mins	2.384	+0.001	+0.05%
Ethanol •2 days	2.161	+0.000	+0.00%
Silver •15 mins	18.81	-0.11	-0.56%

Silver • 15 mins	18.81	-0.11	-0.56%
Copper • 15 mins	3.320	-0.023	-0.69%
Brent Crude • 10 mins	85.13	-1.02	-1.18%
Natural Gas • 10 mins	6.732	-0.096	-1.41%
Heating Oil • 11 mins	3.150	-0.087	-2.68%

Headlines

140 days Could Crypto Overtake Traditional Investment?
145 days Americans Still Quitting Jobs At Record Pace
147 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
150 days Is The Dollar Too Strong?
150 days Big Tech Disappoints Investors on Earnings Calls
151 days Fear And Celebration On Twitter as Musk Takes The Reins
153 days China Is Quietly Trying To Distance Itself From Russia
153 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
157 days Crypto Investors Won Big In 2021
157 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
158 days Food Prices Are Skyrocketing As Putin’s War Persists
160 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
161 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
164 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
165 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
165 days Two ETFs That Could Hedge Against Extreme Market Volatility
167 days Are NFTs About To Take Over Gaming?
168 days Europe’s Economy Is On The Brink As Putin’s War Escalates
171 days What’s Causing Inflation In The United States?
172 days Intel Joins Russian Exodus as Chip Shortage Digs In

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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