Commodity Prices

Gold •360 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,351.90	-63.10	-4.46%
WTI Crude •23 hours	65.52	+0.28	+0.43%
Gasoline •23 hours	2.090	-0.009	-0.44%
Ethanol •360 days	2.161	+0.000	+0.00%
Silver •360 days	30.82	+1.16	+3.92%

Silver • 360 days	30.82	+1.16	+3.92%
Copper • 360 days	4.530	+0.111	+2.51%
Brent Crude • 22 hours	67.77	+0.04	+0.06%
Natural Gas • 23 hours	3.739	+0.213	+6.04%
Heating Oil • 23 hours	2.307	-0.053	-2.24%

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Crude Oil - Holding Below $50

By - Jun 02, 2016, 6:23 AM CDT

Crude oil is having difficulties to push any higher. Hourly support can be found at 42.50 (26/04/2016 low) while resistance can be found at 50.21 (26/05/2015 high). The technical structure suggests a further consolidation of the commodity. Yet crude oil still lies within the uptrend channel.

In the long-term, crude oil is now recovering from its sharp decline and the signs of recovery are now strong. Strong support lies at 24.82 (13/11/2002) while strong resistance can be found at 50.96 (09/10/2015 high). Crude oil is holding way above its 200-Day Moving Average. Expected to reach 60 before year-end.

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