Commodity Prices

Gold •10 mins	1,783.40	+6.00	+0.34%
Platinum •10 mins	1,086.50	+16.30	+1.52%
WTI Crude •30 mins	73.08	+0.23	+0.32%
Gasoline •32 mins	2.267	+0.043	+1.92%
Ethanol •7 hours	2.480	+0.000	+0.00%
Silver •10 mins	26.11	+0.25	+0.98%

Silver • 10 mins	26.11	+0.25	+0.98%
Copper • 10 mins	4.331	+0.101	+2.38%
Brent Crude • 28 mins	75.38	+0.57	+0.76%
Natural Gas • 30 mins	3.333	+0.075	+2.30%
Heating Oil • 30 mins	2.159	+0.008	+0.39%

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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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