Commodity Prices

Gold •261 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	978.40	-13.60	-1.37%
WTI Crude •2 hours	68.28	+0.21	+0.31%
Gasoline •2 hours	2.195	+0.004	+0.20%
Ethanol •261 days	2.161	+0.000	+0.00%
Silver •261 days	30.82	+1.16	+3.92%

Silver • 261 days	30.82	+1.16	+3.92%
Copper • 261 days	4.530	+0.111	+2.51%
Brent Crude • 45 mins	72.16	+0.16	+0.22%
Natural Gas • 2 hours	3.980	+0.005	+0.13%
Heating Oil • 2 hours	2.250	-0.005	-0.21%

Headlines

645 days Will The ECB Continue To Hike Rates?
646 days Forbes: Aramco Remains Largest Company In The Middle East
647 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,047 days Could Crypto Overtake Traditional Investment?
1,052 days Americans Still Quitting Jobs At Record Pace
1,054 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,057 days Is The Dollar Too Strong?
1,057 days Big Tech Disappoints Investors on Earnings Calls
1,058 days Fear And Celebration On Twitter as Musk Takes The Reins
1,060 days China Is Quietly Trying To Distance Itself From Russia
1,060 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,064 days Crypto Investors Won Big In 2021
1,064 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,065 days Food Prices Are Skyrocketing As Putin’s War Persists
1,067 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,068 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,071 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,072 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,072 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,074 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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