Commodity Prices

Gold •10 mins	1,790.00	+10.10	+0.57%
Platinum •10 mins	831.60	-2.80	-0.34%
WTI Crude •56 mins	39.82	+0.55	+1.40%
Gasoline •56 mins	1.217	+0.015	+1.28%
Ethanol •5 hours	1.209	+0.009	+0.75%
Silver •10 mins	18.32	+0.10	+0.57%

Silver • 10 mins	18.32	+0.10	+0.57%
Copper • 10 mins	2.749	+0.015	+0.53%
Brent Crude • 13 mins	42.80	+0.77	+1.83%
Natural Gas • 56 mins	1.671	-0.080	-4.57%
Heating Oil • 56 mins	1.200	+0.013	+1.10%

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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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