Commodity Prices

Gold •15 mins	1,985.20	-5.20	-0.26%
Platinum •15 mins	968.70	-3.20	-0.33%
WTI Crude •10 mins	73.58	+0.38	+0.52%
Gasoline •21 mins	2.718	+0.006	+0.22%
Ethanol •6 hours	2.161	+0.000	+0.00%
Silver •15 mins	23.35	-0.07	-0.30%

Silver • 15 mins	23.35	-0.07	-0.30%
Copper • 15 mins	4.067	-0.019	-0.47%
Brent Crude • 10 mins	78.85	+0.20	+0.25%
Natural Gas • 28 mins	2.020	-0.010	-0.49%
Heating Oil • 15 mins	2.745	-0.025	-0.89%

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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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