Commodity Prices

Gold •235 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	987.70	-9.50	-0.95%
WTI Crude •1 day	70.40	-2.08	-2.87%
Gasoline •1 day	2.027	-0.060	-2.87%
Ethanol •235 days	2.161	+0.000	+0.00%
Silver •235 days	30.82	+1.16	+3.92%

Silver • 235 days	30.82	+1.16	+3.92%
Copper • 235 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	74.43	-2.05	-2.68%
Natural Gas • 1 day	4.234	+0.082	+1.97%
Heating Oil • 1 day	2.432	-0.071	-2.84%

Headlines

619 days Will The ECB Continue To Hike Rates?
620 days Forbes: Aramco Remains Largest Company In The Middle East
621 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,021 days Could Crypto Overtake Traditional Investment?
1,026 days Americans Still Quitting Jobs At Record Pace
1,028 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,031 days Is The Dollar Too Strong?
1,031 days Big Tech Disappoints Investors on Earnings Calls
1,032 days Fear And Celebration On Twitter as Musk Takes The Reins
1,034 days China Is Quietly Trying To Distance Itself From Russia
1,034 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,038 days Crypto Investors Won Big In 2021
1,038 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,039 days Food Prices Are Skyrocketing As Putin’s War Persists
1,041 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,042 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,045 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,046 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,046 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,048 days Are NFTs About To Take Over Gaming?

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

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 - 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