Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	975.60	-4.00	-0.41%
WTI Crude •10 mins	62.26	-0.01	-0.02%
Gasoline •1 hour	2.082	-0.002	-0.09%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.12	-0.36	-0.54%
Natural Gas • 11 mins	2.992	-0.030	-0.99%
Heating Oil • 2 hours	2.131	+0.004	+0.18%

Headlines

679 days Will The ECB Continue To Hike Rates?
679 days Forbes: Aramco Remains Largest Company In The Middle East
681 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,080 days Could Crypto Overtake Traditional Investment?
1,085 days Americans Still Quitting Jobs At Record Pace
1,087 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,090 days Is The Dollar Too Strong?
1,090 days Big Tech Disappoints Investors on Earnings Calls
1,091 days Fear And Celebration On Twitter as Musk Takes The Reins
1,093 days China Is Quietly Trying To Distance Itself From Russia
1,093 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,097 days Crypto Investors Won Big In 2021
1,098 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,098 days Food Prices Are Skyrocketing As Putin’s War Persists
1,101 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,101 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,104 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,105 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,105 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,107 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

This aging bull market may…

How Millennials Are Reshaping Real Estate

The real estate market is…

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 - Setting Lower Highs

By - Aug 26, 2016, 8:19 AM CDT

Crude oil's bullish momentum has ended as the pair is now setting lower highs. Hourly resistance can be found at 48.75 (19/08/2016 high). A break of hourly support given at 45.84 (17/08/2016 low) would confirm a deeper bearish move. Time to reload bearish position.

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