Commodity Prices

Gold •15 mins	1,960.80	+7.00	+0.36%
Platinum •15 mins	982.20	-0.30	-0.03%
WTI Crude •10 mins	72.72	-0.09	-0.12%
Gasoline •12 mins	2.677	-0.007	-0.27%
Ethanol •8 hours	2.161	+0.000	+0.00%
Silver •15 mins	23.19	+0.05	+0.19%

Silver • 15 mins	23.19	+0.05	+0.19%
Copper • 15 mins	4.099	+0.021	+0.50%
Brent Crude • 10 mins	77.73	-0.39	-0.50%
Natural Gas • 11 mins	2.093	+0.005	+0.24%
Heating Oil • 45 mins	2.776	+0.006	+0.21%

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Crude Oil - Breaking Support At 45.61

By - Jul 08, 2016, 7:48 AM CDT

Crude oil is setting lower highs. The black commodity has finally exited symmetrical triangle. Strong support at 45.61 (12/05/2016 low) has been broken. Resistance can be found at 51.67 (09/06/2016 high). Expected to further weaken.

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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