Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	976.90	-2.70	-0.28%
WTI Crude •10 mins	62.39	+0.12	+0.19%
Gasoline •41 mins	2.082	-0.002	-0.08%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.22	+0.10	+0.15%
Natural Gas • 12 mins	2.987	-0.035	-1.16%
Heating Oil • 2 hours	2.126	-0.001	-0.05%

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Crude Oil - Resistance At 38.99 Holds

By - Mar 11, 2016, 6:16 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 36.12 (08/03/2016 low). A more significant support stands at 35 (rising channel). Expected to see continued strengthening in the shortterm.

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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