Commodity Prices

Gold •695 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,929.50	+2.20	+0.11%
WTI Crude •13 hours	87.36	-1.54	-1.73%
Gasoline •13 hours	3.034	-0.067	-2.14%
Ethanol •695 days	2.161	+0.000	+0.00%
Silver •695 days	30.82	+1.16	+3.92%

Silver • 695 days	30.82	+1.16	+3.92%
Copper • 695 days	4.530	+0.111	+2.51%
Brent Crude • 12 hours	91.12	-1.58	-1.70%
Natural Gas • 13 hours	3.290	+0.005	+0.15%
Heating Oil • 13 hours	3.489	-0.064	-1.79%

Headlines

1,080 days Will The ECB Continue To Hike Rates?
1,080 days Forbes: Aramco Remains Largest Company In The Middle East
1,082 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,482 days Could Crypto Overtake Traditional Investment?
1,487 days Americans Still Quitting Jobs At Record Pace
1,488 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,492 days Is The Dollar Too Strong?
1,492 days Big Tech Disappoints Investors on Earnings Calls
1,493 days Fear And Celebration On Twitter as Musk Takes The Reins
1,494 days China Is Quietly Trying To Distance Itself From Russia
1,495 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,499 days Crypto Investors Won Big In 2021
1,499 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,500 days Food Prices Are Skyrocketing As Putin’s War Persists
1,502 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,502 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,506 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,507 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,507 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,509 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 - Collapsing

By - Mar 09, 2017, 6:00 AM CST

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).

Daily Technical Report