Commodity Prices

Gold •15 mins	1,646.70	-3.30	-0.20%
Platinum •15 mins	924.30	-8.00	-0.86%
WTI Crude •10 mins	49.25	-0.65	-1.30%
Gasoline •10 mins	1.600	-0.042	-2.54%
Ethanol •15 hours	1.316	-0.016	-1.20%
Silver •15 mins	18.02	-0.18	-0.97%

Silver • 15 mins	18.02	-0.18	-0.97%
Copper • 15 mins	2.554	-0.028	-1.08%
Brent Crude • 11 mins	53.44	-0.82	-1.51%
Natural Gas • 10 mins	1.862	+0.011	+0.59%
Heating Oil • 10 mins	1.526	-0.040	-2.53%

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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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