Commodity Prices

Gold •15 mins	1,316.40	+14.70	+1.13%
Platinum •15 mins	875.00	+15.40	+1.79%
Bitcoin •1 min	4,040.23	+23.85	+0.59%
WTI Crude •11 mins	60.17	-0.06	-0.10%
Gasoline •11 mins	1.895	-0.002	-0.12%
Silver •15 mins	15.54	+0.22	+1.45%

Silver • 15 mins	15.54	+0.22	+1.45%
Copper • 15 mins	2.927	+0.006	+0.19%
Ethereum • 1 min	138.11	-0.60	-0.43%
Brent Crude • 11 mins	68.23	-0.04	-0.06%
Natural Gas • 11 mins	2.814	-0.011	-0.39%

Headlines

14 hours Saudis Eye Billions As Stocks Get Emerging Market Boost
17 hours Airbnb In Acquisition Mode Ahead Of IPO
20 hours Gold Hangs At $1,300 Ahead Of Fed Meeting
22 hours Champagne Sales Slow As European Economic Worries Grow Louder
2 days Putin Signs “Digital Iron Curtain” Into Law
2 days Russian Metals Magnate Sues U.S. Over Sanctions
2 days Tesla Looks To Jump Into Indian Market
2 days Global Banks Lay Groundwork To Re-Inflate Asset Prices
3 days Homeowners Experiment With Risky New Investment Trend
3 days U.S. Tech Stocks Look Increasingly Vulnerable
3 days De Beers To Expand World’s Most Profitable Diamond Mine
3 days Ford CEO Gets Raise After Massive Layoff Round
4 days Germany’s Flirtation With Recession Could Cripple The Global Economy
4 days Where To Look As Gold Miners Inch Higher
5 days Google Faces Billions In Fines From European Regulators
5 days The Energy Industry Has A Millennial Problem
6 days Russian Banks Scramble For Sanction Loopholes
6 days Gold ETFs Take A Hit After Four-Month Run
7 days European Union Takes Aim At Ten New Tax Havens
7 days Goldman Defends Trillion-Dollar Corporate Buyback Spree

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

How Big Pharma Is Profiting On The Opiate Problem They Created

In the middle of a…

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 - Consolidating Below Resistance At 54.51

By - Jan 03, 2017, 6:01 AM CST

Crude oil is still in a bullish trend despite some profit taking at the moment that sent the commodity lower. The commodity has weakened from resistance given at 54.51 (10/07/2015 high) towards 50. Expected to head even higher.

In the long-term, crude oil has recovered after its sharp decline last year. However, we consider that further weakness are very likely. Strong support lies at 24.82 (13/11/2002) while can now be found at resistance at 51.93 (19/10/2015 high).

Daily Technical Report