Commodity Prices

Gold •10 mins	1,838.20	-2.90	-0.16%
Platinum •10 mins	1,070.80	+32.20	+3.10%
WTI Crude •11 mins	45.79	+0.15	+0.33%
Gasoline •11 mins	1.263	+0.001	+0.11%
Ethanol •17 hours	1.320	-0.020	-1.49%
Silver •10 mins	24.24	+0.10	+0.41%

Silver • 10 mins	24.24	+0.10	+0.41%
Copper • 10 mins	3.521	+0.030	+0.86%
Brent Crude • 11 mins	48.87	+0.16	+0.33%
Natural Gas • 11 mins	2.574	+0.067	+2.67%
Heating Oil • 11 mins	1.391	-0.002	-0.16%

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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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