Commodity Prices

Gold •171 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	936.40	+12.90	+1.40%
WTI Crude •1 day	69.46	+0.08	+0.12%
Gasoline •1 day	1.942	+0.019	+0.98%
Ethanol •171 days	2.161	+0.000	+0.00%
Silver •171 days	30.82	+1.16	+3.92%

Silver • 171 days	30.82	+1.16	+3.92%
Copper • 171 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	72.94	+0.06	+0.08%
Natural Gas • 1 day	3.748	+0.164	+4.58%
Heating Oil • 1 day	2.232	-0.006	-0.27%

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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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