Commodity Prices

Gold •315 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	981.50	+0.30	+0.03%
WTI Crude •10 mins	62.83	-0.32	-0.51%
Gasoline •10 mins	2.149	-0.021	-0.95%
Ethanol •315 days	2.161	+0.000	+0.00%
Silver •315 days	30.82	+1.16	+3.92%

Silver • 315 days	30.82	+1.16	+3.92%
Copper • 315 days	4.530	+0.111	+2.51%
Brent Crude • 19 mins	66.09	-0.54	-0.81%
Natural Gas • 10 mins	3.464	-0.028	-0.80%
Heating Oil • 11 mins	2.190	-0.016	-0.74%

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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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