Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	968.10	-2.40	-0.25%
WTI Crude •10 mins	70.14	+0.04	+0.06%
Gasoline •32 mins	2.054	-0.005	-0.26%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 35 mins	74.23	+1.42	+1.95%
Natural Gas • 10 mins	3.428	+0.089	+2.67%
Heating Oil • 32 mins	2.271	-0.003	-0.13%

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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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