• 344 days Will The ECB Continue To Hike Rates?
  • 345 days Forbes: Aramco Remains Largest Company In The Middle East
  • 346 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 746 days Could Crypto Overtake Traditional Investment?
  • 751 days Americans Still Quitting Jobs At Record Pace
  • 753 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 756 days Is The Dollar Too Strong?
  • 756 days Big Tech Disappoints Investors on Earnings Calls
  • 757 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 759 days China Is Quietly Trying To Distance Itself From Russia
  • 759 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 763 days Crypto Investors Won Big In 2021
  • 763 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 764 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 766 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 767 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 770 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 771 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 771 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 773 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

Crude Oil - Bearish Momentum Is Fading

Crude oil's decline is stopping since the recent collapse from $52. Support is given at a distance 43.76 (05/05/2017 low). The technical structure suggests further weakness towards 43.76.

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