Commodity Prices

Gold •15 mins	1,821.90	+1.30	+0.07%
Platinum •15 mins	881.90	-2.10	-0.24%
WTI Crude •11 mins	40.74	-0.16	-0.39%
Gasoline •11 mins	1.282	-0.009	-0.73%
Ethanol •9 hours	1.360	+0.015	+1.12%
Silver •15 mins	19.25	+0.09	+0.46%

Silver • 15 mins	19.25	+0.09	+0.46%
Copper • 15 mins	2.853	+0.029	+1.01%
Brent Crude • 11 mins	43.17	-0.12	-0.28%
Natural Gas • 11 mins	1.844	+0.020	+1.10%
Heating Oil • 11 mins	1.236	+0.001	+0.11%

Headlines

8 hours BlackRock Makes A Run On Asian Stocks
15 hours Gold Prices Surge Above $1,800
1 day Chinese Stocks Soar On Bullish Economic Data
2 days Apple’s “Holy Grail Of Data” Leaves Energy Traders Disappointed
2 days Gold Rally Adds $250 Billion To Top 50 Miners' Market Cap
2 days TikTok Is Becoming A New Battleground For Tech Politics
3 days Peru's Mining Industry Pummeled As Coronavirus Cases Surge
3 days Why The World Is So Divided In Its COVID-19 Response
3 days Equities Cheer Stellar Jobs Report, But It May Be Fleeting
4 days Is Tech Billionaire Peter Thiel Done With Trump?
5 days Musk Takes To Twitter To Troll The SEC
6 days Lunar Mining May Commence As Early As 2025
6 days Immigration Will Go Bust Without $1.2B Bailout
7 days The Economics Of The Space Race
8 days Why The World's Central Banks Aren't Yet Sold On Renewables
8 days How Much More Cash Can Uber Burn?
9 days Inside The Biggest Counterfeit Gold Scandal In Recent History
9 days EU-U.S. Trade Relations Are Deteriorating
9 days Over 184 Companies Have Bailed On Facebook
10 days BP Sells Petrochemical Business For $5 Billion

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - May 05, 2017, 5:56 AM CDT

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