Commodity Prices

Gold •15 mins	1,775.00	-13.10	-0.73%
Platinum •15 mins	980.10	+15.30	+1.59%
WTI Crude •11 mins	45.74	+0.21	+0.46%
Gasoline •10 mins	1.281	-0.001	-0.09%
Ethanol •2 days	1.400	+0.030	+2.19%
Silver •15 mins	22.18	-0.46	-2.03%

Silver • 15 mins	22.18	-0.46	-2.03%
Copper • 15 mins	3.497	+0.079	+2.31%
Brent Crude • 11 mins	47.90	-0.28	-0.58%
Natural Gas • 10 mins	2.941	+0.098	+3.45%
Heating Oil • 10 mins	1.379	-0.002	-0.14%

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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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