Commodity Prices

Gold •10 mins	1,636.00	+15.50	+0.96%
Platinum •10 mins	983.90	+4.90	+0.50%
WTI Crude •10 mins	53.22	-0.66	-1.22%
Gasoline •10 mins	1.753	-0.032	-1.78%
Ethanol •15 mins	1.340	-0.010	-0.74%
Silver •10 mins	18.51	+0.19	+1.04%

Silver • 10 mins	18.51	+0.19	+1.04%
Copper • 10 mins	2.579	-0.010	-0.37%
Brent Crude • 11 mins	58.01	-0.79	-1.34%
Natural Gas • 10 mins	1.889	-0.042	-2.18%
Heating Oil • 10 mins	1.666	-0.027	-1.61%

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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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