Commodity Prices

Gold •506 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,524.20	+7.00	+0.46%
WTI Crude •8 hours	58.06	-0.94	-1.59%
Gasoline •8 hours	1.883	-0.035	-1.82%
Ethanol •506 days	2.161	+0.000	+0.00%
Silver •506 days	30.82	+1.16	+3.92%

Silver • 506 days	30.82	+1.16	+3.92%
Copper • 506 days	4.530	+0.111	+2.51%
Brent Crude • 7 hours	62.56	-0.82	-1.29%
Natural Gas • 8 hours	4.580	+0.106	+2.37%
Heating Oil • 8 hours	2.456	-0.077	-3.04%

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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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