Commodity Prices

Gold •439 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,417.20	+5.50	+0.39%
WTI Crude •50 mins	63.30	+0.61	+0.97%
Gasoline •50 mins	2.013	+0.028	+1.41%
Ethanol •439 days	2.161	+0.000	+0.00%
Silver •439 days	30.82	+1.16	+3.92%

Silver • 439 days	30.82	+1.16	+3.92%
Copper • 439 days	4.530	+0.111	+2.51%
Brent Crude • 39 mins	67.47	+0.48	+0.72%
Natural Gas • 50 mins	3.043	+0.102	+3.47%
Heating Oil • 50 mins	2.331	+0.041	+1.79%

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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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