Commodity Prices

Gold •15 mins	1,481.20	+8.90	+0.60%
Platinum •15 mins	928.80	-16.00	-1.69%
WTI Crude •2 days	60.07	+0.89	+1.50%
Gasoline •2 days	1.663	+0.035	+2.14%
Ethanol •2 days	1.368	+0.024	+1.79%
Silver •15 mins	17.01	+0.06	+0.37%

Silver • 15 mins	17.01	+0.06	+0.37%
Copper • 15 mins	2.781	-0.016	-0.55%
Brent Crude • 2 days	65.22	+1.02	+1.59%
Natural Gas • 2 days	2.296	-0.032	-1.37%
Heating Oil • 2 days	1.986	+0.036	+1.82%

Headlines

1 day Are Energy Stocks A Good Bet?
2 days Investors Apprehension Makes $3,000 Gold Seem Feasible
3 days Beijing Just Turned Up The Heat In The Tech War
4 days How Big A Threat Is Climate Change To The Global Economy?
5 days $120,000 Banana Gets Eaten At Art Basel
6 days The Fastest Growing Energy Sectors Of 2019
7 days How To Spy On Yourself: The Doorbell To End Civil Liberties
8 days Analyst Predicts Tesla Stock Will Soar To $500
9 days Australian Billionaire To Invest In $88 Million Struggling Solar Project
10 days Twitter-Shaming: The Biggest Threat To Any Business
10 days Canada Looks To Become A Major Source For Critical Minerals
10 days Hedge Funds Are Piling Into This Key Commodity
12 days Trade Deal Not Likely Before Christmas 2020
12 days America's $16 Trillion Debt Bubble Is About To Burst
13 days Black Friday Breaks Online Shopping Records
13 days Tesla's Biggest Competitor Is Hiding In Plain Sight
14 days Are Celebrities Good Or Bad For Cannabis Stocks?
15 days Venezuela’s Crisis Continues As Maduro Spends $5 Billion On Oil Deals
16 days Elon Musk Claims 250,000 Orders For Cybertruck
17 days How To Survive Thanksgiving Politics With Cannabis Gravy

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - 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