Commodity Prices

Gold •707 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,667.20	-23.70	-1.40%
WTI Crude •11 mins	92.05	+2.02	+2.24%
Gasoline •11 mins	3.140	+0.030	+0.96%
Ethanol •707 days	2.161	+0.000	+0.00%
Silver •707 days	30.82	+1.16	+3.92%

Silver • 707 days	30.82	+1.16	+3.92%
Copper • 707 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	94.79	+1.69	+1.82%
Natural Gas • 11 mins	3.194	+0.009	+0.28%
Heating Oil • 12 mins	3.676	+0.064	+1.77%

Headlines

1,091 days Will The ECB Continue To Hike Rates?
1,092 days Forbes: Aramco Remains Largest Company In The Middle East
1,093 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,493 days Could Crypto Overtake Traditional Investment?
1,498 days Americans Still Quitting Jobs At Record Pace
1,500 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,503 days Is The Dollar Too Strong?
1,503 days Big Tech Disappoints Investors on Earnings Calls
1,504 days Fear And Celebration On Twitter as Musk Takes The Reins
1,506 days China Is Quietly Trying To Distance Itself From Russia
1,506 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,510 days Crypto Investors Won Big In 2021
1,510 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,511 days Food Prices Are Skyrocketing As Putin’s War Persists
1,513 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,514 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,517 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,518 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,518 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,520 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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