Commodity Prices

Gold •463 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,667.80	-33.00	-1.94%
WTI Crude •11 mins	61.46	-1.09	-1.74%
Gasoline •12 mins	1.878	-0.031	-1.63%
Ethanol •463 days	2.161	+0.000	+0.00%
Silver •463 days	30.82	+1.16	+3.92%

Silver • 463 days	30.82	+1.16	+3.92%
Copper • 463 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.14	-1.11	-1.68%
Natural Gas • 11 mins	3.239	-0.094	-2.82%
Heating Oil • 12 mins	2.276	-0.016	-0.69%

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Crude Oil - Short-Term Bullish

By - Feb 19, 2016, 5:40 AM CST

Crude oil's volatility is very strong for the time being. Yet, in the context of oil oversupply, there is still room for further downside moves. Hourly support stand at 28.70 (16/02/2016 low) and hourly resistance can be found at 31.98 (intraday high). Expected to bounce back towards 32.00.

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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