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MIG Bank

MIG Bank

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…

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Crude Oil - Collapsing

Crude oil has unexpectedly exited the uptrend channel. The commodity has been unable to mount a serious challenge to 55.24 (03/01/2017 high) resistance. The correction towards support given at 49.61 (08/12/2016) is finally happening. Expected to see 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).

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