Commodity Prices

Gold •370 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,377.40	-13.90	-1.00%
WTI Crude •10 mins	68.78	+0.45	+0.66%
Gasoline •10 mins	2.201	+0.016	+0.74%
Ethanol •370 days	2.161	+0.000	+0.00%
Silver •370 days	30.82	+1.16	+3.92%

Silver • 370 days	30.82	+1.16	+3.92%
Copper • 370 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	70.57	+0.42	+0.60%
Natural Gas • 10 mins	3.295	-0.045	-1.35%
Heating Oil • 10 mins	2.454	+0.013	+0.52%

Headlines

755 days Will The ECB Continue To Hike Rates?
755 days Forbes: Aramco Remains Largest Company In The Middle East
757 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,157 days Could Crypto Overtake Traditional Investment?
1,161 days Americans Still Quitting Jobs At Record Pace
1,163 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,166 days Is The Dollar Too Strong?
1,167 days Big Tech Disappoints Investors on Earnings Calls
1,168 days Fear And Celebration On Twitter as Musk Takes The Reins
1,169 days China Is Quietly Trying To Distance Itself From Russia
1,170 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,174 days Crypto Investors Won Big In 2021
1,174 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,175 days Food Prices Are Skyrocketing As Putin’s War Persists
1,177 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,177 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,181 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,181 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,182 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,184 days Are NFTs About To Take Over Gaming?

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…

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 – Continued Reversal

By - Aug 10, 2016, 5:44 AM CDT

Crude oil continues its move higher. The break of the hourly resistance at 42.22 (28/07/2016 high) and 43.39 (26/07/2016 high) has confirmed deeper buying pressures. Hourly support is given at 39.19 (03/08/2016 low).

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