• 325 days Could Crypto Overtake Traditional Investment?
  • 330 days Americans Still Quitting Jobs At Record Pace
  • 332 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 335 days Is The Dollar Too Strong?
  • 335 days Big Tech Disappoints Investors on Earnings Calls
  • 336 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 338 days China Is Quietly Trying To Distance Itself From Russia
  • 338 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 342 days Crypto Investors Won Big In 2021
  • 342 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 343 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 345 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 346 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 349 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 350 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 350 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 352 days Are NFTs About To Take Over Gaming?
  • 353 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 356 days What’s Causing Inflation In The United States?
  • 357 days Intel Joins Russian Exodus as Chip Shortage Digs In
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

  1. Home
  2. Markets
  3. Other

Crude Oil - Monitoring Strong Resistance Area

Crude oil is heading towards resistance at 54.32 (06/01/2017 high) despite some consolidation. Yet, a correction in the near-term towards 49.61 (08/12/2016) is possible in case support at 50.71 (10/01/2017 low) is broken. The black commodity needs to push higher to confirm deeper buying pressures.

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 resistance can now be found at 55.24 (03/01/2017 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment