Commodity Prices

Gold •19 mins	1,995.60	-0.40	-0.02%
Platinum •19 mins	995.70	-1.20	-0.12%
WTI Crude •10 mins	74.46	+0.09	+0.12%
Gasoline •5 hours	2.658	-0.003	-0.12%
Ethanol •12 hours	2.161	+0.000	+0.00%
Silver •10 mins	24.00	-0.01	-0.06%

Silver • 10 mins	24.00	-0.01	-0.06%
Copper • 10 mins	4.061	-0.031	-0.75%
Brent Crude • 10 mins	79.18	-0.09	-0.11%
Natural Gas • 10 mins	2.119	+0.015	+0.71%
Heating Oil • 26 mins	2.629	+0.005	+0.19%

Headlines

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

How Millennials Are Reshaping Real Estate

The real estate market is…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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