• 731 days Will The ECB Continue To Hike Rates?
  • 731 days Forbes: Aramco Remains Largest Company In The Middle East
  • 733 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,133 days Could Crypto Overtake Traditional Investment?
  • 1,138 days Americans Still Quitting Jobs At Record Pace
  • 1,140 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,143 days Is The Dollar Too Strong?
  • 1,143 days Big Tech Disappoints Investors on Earnings Calls
  • 1,144 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,146 days China Is Quietly Trying To Distance Itself From Russia
  • 1,146 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,150 days Crypto Investors Won Big In 2021
  • 1,150 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,151 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,153 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,154 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,157 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,158 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,158 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,160 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

Crude Oil - Collapsing

Crude oil has broken key support given at 47.01 (22/01/2017 low). The road is wide-open towards support given at 42.20 (14/11/2017 low).

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