Commodity Prices

Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	947.90	+3.90	+0.41%
WTI Crude •10 mins	68.26	-0.44	-0.64%
Gasoline •10 mins	1.984	+0.003	+0.13%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.12	-0.44	-0.61%
Natural Gas • 10 mins	2.770	-0.015	-0.54%
Heating Oil • 10 mins	2.210	-0.002	-0.09%

Headlines

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

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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