Commodity Prices

Gold •756 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,611.10	+8.80	+0.55%
WTI Crude •11 mins	84.85	+0.39	+0.46%
Gasoline •22 mins	3.359	-0.039	-1.16%
Ethanol •756 days	2.161	+0.000	+0.00%
Silver •756 days	30.82	+1.16	+3.92%

Silver • 756 days	30.82	+1.16	+3.92%
Copper • 756 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	91.82	+1.08	+1.19%
Natural Gas • 11 mins	2.723	+0.001	+0.04%
Heating Oil • 27 mins	4.300	-0.070	-1.60%

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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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