Commodity Prices

Gold •15 mins	1,648.80	+28.30	+1.75%
Platinum •15 mins	976.10	-2.90	-0.30%
WTI Crude •3 hours	53.38	-0.50	-0.93%
Gasoline •3 hours	1.761	-0.023	-1.31%
Ethanol •5 hours	1.342	-0.008	-0.59%
Silver •15 mins	18.53	+0.21	+1.15%

Silver • 15 mins	18.53	+0.21	+1.15%
Copper • 15 mins	2.608	+0.020	+0.77%
Brent Crude • 2 hours	57.94	-0.86	-1.46%
Natural Gas • 3 hours	1.917	-0.014	-0.73%
Heating Oil • 3 hours	1.682	-0.011	-0.67%

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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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