Commodity Prices

Gold •274 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	955.10	-1.50	-0.16%
WTI Crude •10 mins	66.85	-0.10	-0.15%
Gasoline •10 mins	2.159	-0.006	-0.25%
Ethanol •274 days	2.161	+0.000	+0.00%
Silver •274 days	30.82	+1.16	+3.92%

Silver • 274 days	30.82	+1.16	+3.92%
Copper • 274 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	70.07	-0.07	-0.10%
Natural Gas • 10 mins	4.149	+0.011	+0.27%
Heating Oil • 10 mins	2.185	-0.004	-0.19%

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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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