Commodity Prices

Gold •14 mins	1,985.00	+7.90	+0.40%
Platinum •14 mins	1,002.50	-19.40	-1.90%
WTI Crude •10 mins	68.20	-1.26	-1.81%
Gasoline •10 mins	2.553	-0.043	-1.64%
Ethanol •20 hours	2.161	+0.000	+0.00%
Silver •14 mins	23.69	+0.45	+1.92%

Silver • 14 mins	23.69	+0.45	+1.92%
Copper • 14 mins	3.659	-0.004	-0.11%
Brent Crude • 10 mins	72.65	-0.89	-1.21%
Natural Gas • 10 mins	2.276	-0.051	-2.19%
Heating Oil • 10 mins	2.259	-0.022	-0.95%

Headlines

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

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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 – 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