Commodity Prices

Gold •471 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,619.50	-135.60	-7.73%
WTI Crude •4 hours	57.54	+0.08	+0.14%
Gasoline •4 hours	1.838	+0.026	+1.44%
Ethanol •471 days	2.161	+0.000	+0.00%
Silver •471 days	30.82	+1.16	+3.92%

Silver • 471 days	30.82	+1.16	+3.92%
Copper • 471 days	4.530	+0.111	+2.51%
Brent Crude • 3 hours	61.29	+0.23	+0.38%
Natural Gas • 4 hours	3.008	+0.070	+2.38%
Heating Oil • 4 hours	2.180	+0.027	+1.23%

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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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