Commodity Prices

Gold •517 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,658.30	+8.10	+0.49%
WTI Crude •11 mins	58.54	-0.10	-0.17%
Gasoline •11 mins	1.826	-0.004	-0.23%
Ethanol •517 days	2.161	+0.000	+0.00%
Silver •517 days	30.82	+1.16	+3.92%

Silver • 517 days	30.82	+1.16	+3.92%
Copper • 517 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	62.35	-0.10	-0.16%
Natural Gas • 12 mins	4.861	+0.021	+0.43%
Heating Oil • 11 mins	2.292	-0.021	-0.89%

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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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