Commodity Prices

Gold •797 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,856.80	+3.60	+0.19%
WTI Crude •11 mins	94.34	+1.31	+1.41%
Gasoline •12 mins	3.289	+0.036	+1.11%
Ethanol •797 days	2.161	+0.000	+0.00%
Silver •797 days	30.82	+1.16	+3.92%

Silver • 797 days	30.82	+1.16	+3.92%
Copper • 797 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	99.49	+1.57	+1.60%
Natural Gas • 11 mins	2.884	-0.032	-1.10%
Heating Oil • 11 mins	4.681	+0.113	+2.47%

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Crude Oil - Growing Bullish Momentum

By - Feb 01, 2016, 5:01 AM CST

Crude oil keeps on being very volatile. The medium-term technical structure remains clearly negative in a context of oil oversupply but there is a strong short-term upside move. Hourly support is given at 26.19 (20/01/2016 low). Expected to see further short-term increase.

In the long-term, crude oil is on a sharp decline and is of course no showing any signs of recovery. Strong support at 24.82 (13/11/2002) is now on target. Crude oil is holding way below its 200-Day Moving Average (setting up at around 47). There are currently no signs that a reverse trend may happen.

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