Commodity Prices

Gold •20 mins	1,994.30	+12.20	+0.62%
Platinum •20 mins	1,008.90	+9.90	+0.99%
WTI Crude •10 mins	70.10	+2.01	+2.95%
Gasoline •10 mins	2.438	-0.005	-0.22%
Ethanol •1 hour	2.161	+0.000	+0.00%
Silver •20 mins	23.96	+0.37	+1.58%

Silver • 20 mins	23.96	+0.37	+1.58%
Copper • 20 mins	3.709	+0.072	+1.98%
Brent Crude • 10 mins	74.28	+1.68	+2.31%
Natural Gas • 10 mins	2.159	-0.107	-4.72%
Heating Oil • 10 mins	2.315	+0.064	+2.83%

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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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