Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	966.20	-4.30	-0.44%
WTI Crude •10 mins	70.14	+0.04	+0.06%
Gasoline •10 mins	2.055	-0.004	-0.20%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.24	+0.01	+0.01%
Natural Gas • 11 mins	3.410	+0.071	+2.13%
Heating Oil • 13 mins	2.273	-0.002	-0.08%

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Crude Oil - Bearish Bias

By - Jun 15, 2016, 6:13 AM CDT

Crude oil's short-term move is bearish. The upward momentum has faded. Hourly support at 47.75 (01/06/2016 low) has been broken while hourly resistance can be found at 51.67 (09/06/2016 high). Expected to go way lower as support at 47.75 has been broken.

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 at 50.96 (09/10/2015 high)has been broken. Crude oil is holding way above its 200-Day Moving Average. Expected to reach 60 before year-end.

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