Commodity Prices

Gold •10 mins	1,765.70	+9.00	+0.51%
Platinum •10 mins	939.80	+16.50	+1.79%
WTI Crude •10 mins	72.11	-0.50	-0.69%
Gasoline •12 mins	2.168	-0.013	-0.61%
Ethanol •8 hours	2.207	+0.000	+0.00%
Silver •10 mins	23.09	+0.30	+1.30%

Silver • 10 mins	23.09	+0.30	+1.30%
Copper • 10 mins	4.330	+0.048	+1.12%
Brent Crude • 10 mins	75.27	-0.40	-0.53%
Natural Gas • 10 mins	5.308	-0.027	-0.51%
Heating Oil • 10 mins	2.204	-0.007	-0.34%

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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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