Commodity Prices

Gold •665 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,944.00	+43.40	+2.28%
WTI Crude •11 mins	108.46	+1.58	+1.48%
Gasoline •42 mins	3.749	+0.008	+0.21%
Ethanol •665 days	2.161	+0.000	+0.00%
Silver •665 days	30.82	+1.16	+3.92%

Silver • 665 days	30.82	+1.16	+3.92%
Copper • 665 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	122.13	+4.10	+3.47%
Natural Gas • 11 mins	2.630	-0.017	-0.64%
Heating Oil • 16 mins	4.225	+0.027	+0.63%

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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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