Commodity Prices

Gold •395 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,316.90	+17.80	+1.37%
WTI Crude •1 day	67.33	-1.93	-2.79%
Gasoline •1 day	2.119	-0.055	-2.54%
Ethanol •395 days	2.161	+0.000	+0.00%
Silver •395 days	30.82	+1.16	+3.92%

Silver • 395 days	30.82	+1.16	+3.92%
Copper • 395 days	4.530	+0.111	+2.51%
Brent Crude • 24 hours	69.67	-2.03	-2.83%
Natural Gas • 1 day	3.083	-0.023	-0.74%
Heating Oil • 1 day	2.300	-0.096	-4.01%

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Crude Oil - Bearish Pressure Remains

By - Feb 03, 2016, 6:12 AM CST

Crude continues to move lower towards support at 29.39 (26/01/2016).The technical structure remains clearly negative in a context of oil oversupply. The short-term retracement is now ending. Hourly support is given at 26.19 (20/01/2016 low). Expected to see further decline.

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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