Commodity Prices

Gold •511 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,586.20	+20.20	+1.29%
WTI Crude •45 mins	58.65	+0.70	+1.21%
Gasoline •1 hour	1.889	+0.032	+1.71%
Ethanol •511 days	2.161	+0.000	+0.00%
Silver •511 days	30.82	+1.16	+3.92%

Silver • 511 days	30.82	+1.16	+3.92%
Copper • 511 days	4.530	+0.111	+2.51%
Brent Crude • 44 mins	63.04	+0.56	+0.90%
Natural Gas • 45 mins	4.558	+0.077	+1.72%
Heating Oil • 1 hour	2.326	-0.028	-1.20%

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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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