Commodity Prices

Gold •416 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,363.10	+4.20	+0.31%
WTI Crude •1 day	63.66	+0.14	+0.22%
Gasoline •1 day	2.159	-0.001	-0.06%
Ethanol •416 days	2.161	+0.000	+0.00%
Silver •416 days	30.82	+1.16	+3.92%

Silver • 416 days	30.82	+1.16	+3.92%
Copper • 416 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	67.73	+0.06	+0.09%
Natural Gas • 1 day	2.698	-0.128	-4.53%
Heating Oil • 1 day	2.308	-0.017	-0.73%

Headlines

801 days Will The ECB Continue To Hike Rates?
801 days Forbes: Aramco Remains Largest Company In The Middle East
803 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,203 days Could Crypto Overtake Traditional Investment?
1,208 days Americans Still Quitting Jobs At Record Pace
1,210 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,213 days Is The Dollar Too Strong?
1,213 days Big Tech Disappoints Investors on Earnings Calls
1,214 days Fear And Celebration On Twitter as Musk Takes The Reins
1,216 days China Is Quietly Trying To Distance Itself From Russia
1,216 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,220 days Crypto Investors Won Big In 2021
1,220 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,221 days Food Prices Are Skyrocketing As Putin’s War Persists
1,223 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,224 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,227 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,228 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,228 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,230 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 – Bullish Reversal

By - Sep 27, 2016, 6:46 AM CDT

Crude oil's momentum is still negative despite ongoing short-term bullish rally. Hourly resistance can be found at 47.75 (08/09/2016 high). An unlikely break of resistance at 47.75 would mean that buying interest is strong. Time to reload bearish positions.

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