Commodity Prices

Gold •793 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,826.00	-8.00	-0.44%
WTI Crude •20 hours	91.48	+0.18	+0.20%
Gasoline •20 hours	3.215	+0.080	+2.54%
Ethanol •794 days	2.161	+0.000	+0.00%
Silver •793 days	30.82	+1.16	+3.92%

Silver • 793 days	30.82	+1.16	+3.92%
Copper • 793 days	4.530	+0.111	+2.51%
Brent Crude • 19 hours	96.28	+0.76	+0.80%
Natural Gas • 20 hours	2.975	+0.062	+2.13%
Heating Oil • 20 hours	4.540	-0.053	-1.16%

Headlines

1,178 days Will The ECB Continue To Hike Rates?
1,178 days Forbes: Aramco Remains Largest Company In The Middle East
1,180 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,580 days Could Crypto Overtake Traditional Investment?
1,585 days Americans Still Quitting Jobs At Record Pace
1,587 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,590 days Is The Dollar Too Strong?
1,590 days Big Tech Disappoints Investors on Earnings Calls
1,591 days Fear And Celebration On Twitter as Musk Takes The Reins
1,593 days China Is Quietly Trying To Distance Itself From Russia
1,593 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,597 days Crypto Investors Won Big In 2021
1,597 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,598 days Food Prices Are Skyrocketing As Putin’s War Persists
1,600 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,601 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,604 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,605 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,605 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,607 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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