Commodity Prices

Gold •715 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,691.20	-16.10	-0.94%
WTI Crude •11 mins	75.97	+0.12	+0.16%
Gasoline •11 mins	2.985	-0.010	-0.32%
Ethanol •715 days	2.161	+0.000	+0.00%
Silver •715 days	30.82	+1.16	+3.92%

Silver • 715 days	30.82	+1.16	+3.92%
Copper • 715 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	79.81	-0.04	-0.05%
Natural Gas • 11 mins	3.202	-0.031	-0.96%
Heating Oil • 24 mins	3.139	+0.012	+0.38%

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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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