Commodity Prices

Gold •15 mins	1,757.20	+5.80	+0.33%
Platinum •15 mins	914.80	-15.80	-1.70%
WTI Crude •10 mins	70.62	-1.35	-1.88%
Gasoline •11 mins	2.132	-0.039	-1.81%
Ethanol •12 hours	2.207	+0.000	+0.00%
Silver •15 mins	22.36	+0.02	+0.10%

Silver • 15 mins	22.36	+0.02	+0.10%
Copper • 15 mins	4.152	-0.095	-2.23%
Brent Crude • 10 mins	74.19	-1.15	-1.53%
Natural Gas • 10 mins	5.123	+0.018	+0.35%
Heating Oil • 10 mins	2.168	-0.041	-1.85%

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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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