Commodity Prices

Gold •752 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,604.10	-4.70	-0.29%
WTI Crude •1 day	89.31	-2.88	-3.12%
Gasoline •1 day	3.396	-0.101	-2.87%
Ethanol •752 days	2.161	+0.000	+0.00%
Silver •752 days	30.82	+1.16	+3.92%

Silver • 752 days	30.82	+1.16	+3.92%
Copper • 752 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	96.78	-3.91	-3.88%
Natural Gas • 1 day	2.871	-0.045	-1.54%
Heating Oil • 1 day	4.181	-0.161	-3.71%

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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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