Commodity Prices

Gold •15 mins	2,359.60	+17.10	+0.73%
Platinum •15 mins	925.50	+5.00	+0.54%
WTI Crude •10 mins	83.69	+0.12	+0.14%
Gasoline •17 mins	2.767	+0.009	+0.31%
Ethanol •11 hours	2.161	+0.000	+0.00%
Silver •15 mins	27.99	+0.36	+1.29%

Silver • 15 mins	27.99	+0.36	+1.29%
Copper • 15 mins	4.614	+0.075	+1.65%
Brent Crude • 10 mins	89.06	+0.05	+0.06%
Natural Gas • 41 mins	1.580	-0.058	-3.54%
Heating Oil • 14 mins	2.563	+0.012	+0.47%

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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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