Commodity Prices

Gold •384 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,465.90	-16.10	-1.09%
WTI Crude •10 mins	64.98	-0.33	-0.51%
Gasoline •10 mins	2.108	+0.006	+0.27%
Ethanol •384 days	2.161	+0.000	+0.00%
Silver •384 days	30.82	+1.16	+3.92%

Silver • 384 days	30.82	+1.16	+3.92%
Copper • 384 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.24	-0.35	-0.51%
Natural Gas • 10 mins	3.142	-0.110	-3.38%
Heating Oil • 10 mins	2.435	-0.017	-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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