Commodity Prices

Gold •629 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,954.50	+61.90	+3.27%
WTI Crude •11 mins	87.57	-4.78	-5.18%
Gasoline •17 mins	2.963	-0.185	-5.88%
Ethanol •629 days	2.161	+0.000	+0.00%
Silver •629 days	30.82	+1.16	+3.92%

Silver • 629 days	30.82	+1.16	+3.92%
Copper • 629 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	99.12	-5.37	-5.14%
Natural Gas • 11 mins	2.903	-0.040	-1.36%
Heating Oil • 12 mins	3.982	-0.309	-7.21%

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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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