Commodity Prices

Gold •10 mins	1,750.40	+0.60	+0.03%
Platinum •10 mins	976.90	-20.10	-2.02%
WTI Crude •10 mins	74.03	+0.73	+1.00%
Gasoline •11 mins	2.190	+0.019	+0.86%
Ethanol •16 hours	2.207	+0.000	+0.00%
Silver •10 mins	22.38	-0.30	-1.34%

Silver • 10 mins	22.38	-0.30	-1.34%
Copper • 10 mins	4.284	+0.053	+1.25%
Brent Crude • 10 mins	78.06	+0.81	+1.05%
Natural Gas • 10 mins	5.108	+0.132	+2.65%
Heating Oil • 10 mins	2.268	+0.019	+0.83%

Headlines

2 days 3 Restaurant Stocks In Full Recovery Mode
2 days Bitcoin Is Driven By Testosterone
7 days Quantum Computing Is The Newest Megatrend In Silicon Valley
8 days How To Invest In The Cybersecurity Boom
10 days Investors Are Patient With Unprofitable Giants
12 days Wells Fargo Back In The Scandal Spotlight Once Again
14 days 5 Stocks To Keep A Close Eye On This Year
15 days As Auto Giants Flail, Look To Chip Stocks For Gains
16 days Central America Is Ready For The Bitcoin Hustle
18 days China’s Video Game Restrictions Unlikely To Slow Down Booming Industry
19 days Top Performing Stocks As Inflation Fears Grow
20 days US Airline Stocks Take A Beating On New EU Restrictions
21 days This IPO Could Open Sustainable Fashion Floodgates
22 days Crypto Crime Nets Another $2B Fraudster
24 days This Week’s Hottest Meme Stocks
25 days Why World Markets Should Be Watching Germany Closely
27 days Could ‘Cultured’ Meat Rival The Plant-Based Megatrend?
30 days ‘Easy Money’: Crypto Is Still Attracting Newbie Investors
31 days Foreign Syndicates May Have Stolen Up To $400B In COVID Benefits
32 days Gold Jumps Above $1800 Ahead Of Jackson Hole Summit

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Is The Bull Market On Its Last Legs?

This aging bull market may…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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 - Strong Increase

By - Oct 11, 2016, 6:29 AM CDT

Crude oil is definitely recovering. Support can be found at 48.32 (04/10/2016 base) then 46.50/68 (22/09/2016 high). Next resistance lies at 51.67 (08/06/2016 reaction high). Expected to monitor again resistance at 51.67. Bearish positions should be loaded up at that level as profit may start to be taken.

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