Commodity Prices

Gold •10 mins	1,944.60	-1.00	-0.05%
Platinum •10 mins	1,022.00	+5.20	+0.51%
WTI Crude •10 mins	80.12	+0.44	+0.55%
Gasoline •56 mins	2.596	+0.007	+0.27%
Ethanol •2 days	2.161	+0.000	+0.00%
Silver •10 mins	23.77	+0.15	+0.63%

Silver • 10 mins	23.77	+0.15	+0.63%
Copper • 10 mins	4.231	+0.008	+0.19%
Brent Crude • 12 mins	87.06	+0.40	+0.46%
Natural Gas • 10 mins	2.675	-0.174	-6.11%
Heating Oil • 21 mins	3.278	+0.013	+0.40%

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Crude Oil - Setting A New 13-Year Low

By - Feb 12, 2016, 6:04 AM CST

Crude oil is definitely not recovering. The technical structure remains clearly negative in a context of oil oversupply. Hourly support at 26.19 (20/01/2016 low) has been broken. Hourly resistance may be found at 34.82 (28/01/2016 high). Expected to show 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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