• 13 hours Aluminum Is Bouncing Back In China
  • 15 hours The Deep-Sea Mining Debate
  • 1 day Markets Trending Down Despite Tech Blow-Out
  • 2 days Big Oil Battered On Dismal Earnings
  • 2 days Russian Billionaire Bails On Mid-Sized Gold Miner
  • 3 days Gold Stocks Gear Up For A Big Autumn
  • 3 days America Is Looking To Bring Nuclear Power To Space
  • 4 days What Is Behind Gold's Astonishing Rally?
  • 4 days Stocks Tumble On Brutal Economic Report
  • 5 days Kodak Soars By 400% After Trump Bump
  • 6 days U.S. Coal Production Falls To 42 Year Lows
  • 6 days Indonesia Moves To Bolster Mining Sector
  • 6 days The U.S. Dollar Is Losing Ground As A Reserve Currency
  • 7 days Gold Prices Soar To Record Highs As Dollar Dips
  • 7 days Republicans Unveil Stimulus 2.0
  • 8 days Big Oil Is Back On The M&A Game
  • 8 days Big Banks Want Masks And Lockdown In Second COVID Wave
  • 11 days The Unintended Consequences Of A COVID Stimulus
  • 12 days Tesla Looks To Incentivize Nickel Miners With Massive Contract
  • 12 days Congress Butting Heads Over New Round Of Stimulus Checks
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

MIG Bank

MIG Bank

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…

Contact Author

  1. Home
  2. Markets
  3. Other

Crude Oil - Volatility Lowers

Crude oil is trading up and down. Hourly resistance can be found at 48.75 (19/08/2016 high). A break of resistance at 48.75 would mean that buying interest is strong. Hourly support is given at 43.00 (01/09/2016 low). The lowering volatility may be a signal of further weakness.

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

 

Read the Report

Back to homepage

Leave a comment

Leave a comment