Commodity Prices

Gold •622 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,062.30	-74.20	-3.47%
WTI Crude •11 mins	96.47	+0.26	+0.27%
Gasoline •11 mins	3.165	+0.042	+1.34%
Ethanol •622 days	2.161	+0.000	+0.00%
Silver •622 days	30.82	+1.16	+3.92%

Silver • 622 days	30.82	+1.16	+3.92%
Copper • 622 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	105.91	+2.49	+2.41%
Natural Gas • 11 mins	2.999	-0.034	-1.12%
Heating Oil • 11 mins	4.105	+0.089	+2.21%

Headlines

1,007 days Will The ECB Continue To Hike Rates?
1,007 days Forbes: Aramco Remains Largest Company In The Middle East
1,009 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,409 days Could Crypto Overtake Traditional Investment?
1,414 days Americans Still Quitting Jobs At Record Pace
1,416 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,419 days Is The Dollar Too Strong?
1,419 days Big Tech Disappoints Investors on Earnings Calls
1,420 days Fear And Celebration On Twitter as Musk Takes The Reins
1,422 days China Is Quietly Trying To Distance Itself From Russia
1,422 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,426 days Crypto Investors Won Big In 2021
1,426 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,427 days Food Prices Are Skyrocketing As Putin’s War Persists
1,429 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,430 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,433 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,434 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,434 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,436 days Are NFTs About To Take Over Gaming?

The Feds Continue To Prop Up Equities Markets

The bull market of the…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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 - Breaking Support At 45.61

By - Jul 08, 2016, 7:48 AM CDT

Crude oil is setting lower highs. The black commodity has finally exited symmetrical triangle. Strong support at 45.61 (12/05/2016 low) has been broken. Resistance can be found at 51.67 (09/06/2016 high). Expected to further weaken.

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