Commodity Prices

Gold •712 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,757.10	-15.70	-0.89%
WTI Crude •11 mins	80.42	-0.33	-0.41%
Gasoline •13 mins	2.949	+0.002	+0.07%
Ethanol •712 days	2.161	+0.000	+0.00%
Silver •712 days	30.82	+1.16	+3.92%

Silver • 712 days	30.82	+1.16	+3.92%
Copper • 712 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	82.68	-0.49	-0.59%
Natural Gas • 11 mins	3.133	-0.014	-0.44%
Heating Oil • 14 mins	3.242	-0.025	-0.75%

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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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