Commodity Prices

Gold •376 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,416.90	-1.10	-0.08%
WTI Crude •10 mins	66.95	-0.03	-0.04%
Gasoline •22 mins	2.164	-0.002	-0.07%
Ethanol •376 days	2.161	+0.000	+0.00%
Silver •376 days	30.82	+1.16	+3.92%

Silver • 376 days	30.82	+1.16	+3.92%
Copper • 376 days	4.530	+0.111	+2.51%
Brent Crude • 50 mins	69.21	-1.15	-1.63%
Natural Gas • 11 mins	3.454	-0.012	-0.35%
Heating Oil • 14 mins	2.383	-0.007	-0.30%

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Crude Oil - Strong Selling Pressures Area

By - Jun 23, 2016, 6:02 AM CDT

Crude oil is moving sideways around the 50- mark. Hourly support now lie at 48.16 (22/06/2016 low). Resistance can be found at 51.67 (09/06/2016 high). A break of resistance at 51.67 is necessary to confirm that buying pressures are significant.

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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