Commodity Prices

Gold •308 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	978.70	-4.50	-0.46%
WTI Crude •10 mins	58.46	+0.39	+0.67%
Gasoline •10 mins	2.035	+0.007	+0.35%
Ethanol •308 days	2.161	+0.000	+0.00%
Silver •308 days	30.82	+1.16	+3.92%

Silver • 308 days	30.82	+1.16	+3.92%
Copper • 308 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	61.46	+0.34	+0.56%
Natural Gas • 10 mins	3.656	+0.035	+0.97%
Heating Oil • 11 mins	1.983	+0.007	+0.33%

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Crude Oil - Recovery Continues

By - Mar 09, 2016, 6:14 AM CST

Crude oil continues to move within a rising channel. Hourly resistance is given at 38.99 (09/12/2016 high). Hourly support can be found at 36.09 (07/03/2016 low). A more significant support stands at 35 (rising channel). Expected to see continued strength in the short-term.

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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