Commodity Prices

Gold •15 mins	1,804.30	-9.50	-0.52%
Platinum •15 mins	838.10	-5.10	-0.60%
WTI Crude •11 mins	40.85	-0.35	-0.85%
Gasoline •11 mins	1.231	-0.033	-2.62%
Ethanol •11 hours	1.170	-0.035	-2.90%
Silver •15 mins	19.68	-0.08	-0.41%

Silver • 15 mins	19.68	-0.08	-0.41%
Copper • 15 mins	2.900	+0.015	+0.52%
Brent Crude • 11 mins	43.42	-0.37	-0.84%
Natural Gas • 11 mins	1.735	-0.043	-2.42%
Heating Oil • 11 mins	1.231	-0.014	-1.10%

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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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