• 744 days Will The ECB Continue To Hike Rates?
  • 744 days Forbes: Aramco Remains Largest Company In The Middle East
  • 746 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,146 days Could Crypto Overtake Traditional Investment?
  • 1,151 days Americans Still Quitting Jobs At Record Pace
  • 1,153 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,156 days Is The Dollar Too Strong?
  • 1,156 days Big Tech Disappoints Investors on Earnings Calls
  • 1,157 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,159 days China Is Quietly Trying To Distance Itself From Russia
  • 1,159 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,163 days Crypto Investors Won Big In 2021
  • 1,163 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,164 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,166 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,167 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,170 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,171 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,171 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,173 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

Crude Oil - Heading To Support At 43.76

Crude oil is finally continuing its decline since the recent collapse from $52. Support is given at a distance 43.76 (05/05/2017 low). Expected to show further decline.

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