Commodity Prices

Gold •362 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,370.60	+27.60	+2.06%
WTI Crude •10 mins	64.97	-0.14	-0.22%
Gasoline •5 hours	2.080	-0.010	-0.48%
Ethanol •362 days	2.161	+0.000	+0.00%
Silver •362 days	30.82	+1.16	+3.92%

Silver • 362 days	30.82	+1.16	+3.92%
Copper • 362 days	4.530	+0.111	+2.51%
Brent Crude • 5 hours	67.61	-0.16	-0.24%
Natural Gas • 10 mins	3.465	+0.009	+0.26%
Heating Oil • 5 hours	2.346	+0.039	+1.67%

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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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