Commodity Prices

Gold •813 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,776.50	+10.80	+0.61%
WTI Crude •10 mins	93.36	-1.25	-1.32%
Gasoline •11 mins	3.440	-0.124	-3.49%
Ethanol •813 days	2.161	+0.000	+0.00%
Silver •813 days	30.82	+1.16	+3.92%

Silver • 813 days	30.82	+1.16	+3.92%
Copper • 813 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	105.37	-1.23	-1.15%
Natural Gas • 11 mins	3.126	-0.171	-5.19%
Heating Oil • 11 mins	4.733	+0.002	+0.05%

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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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