Commodity Prices

Gold •362 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,372.10	+29.10	+2.17%
WTI Crude •10 mins	64.90	-0.21	-0.32%
Gasoline •6 hours	2.080	-0.010	-0.48%
Ethanol •362 days	2.161	+0.000	+0.00%
Silver •362 days	30.82	+1.16	+3.92%

Silver • 362 days	30.82	+1.16	+3.92%
Copper • 362 days	4.530	+0.111	+2.51%
Brent Crude • 6 hours	67.61	-0.16	-0.24%
Natural Gas • 10 mins	3.461	+0.005	+0.14%
Heating Oil • 6 hours	2.346	+0.039	+1.67%

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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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