Commodity Prices

Gold •10 mins	1,787.30	+4.40	+0.25%
Platinum •10 mins	1,059.90	+9.30	+0.89%
WTI Crude •34 mins	73.15	-0.51	-0.69%
Gasoline •19 mins	2.186	-0.011	-0.49%
Ethanol •12 hours	2.460	+0.000	+0.00%
Silver •10 mins	26.07	+0.05	+0.17%

Silver • 10 mins	26.07	+0.05	+0.17%
Copper • 10 mins	4.189	+0.005	+0.11%
Brent Crude • 11 mins	74.51	-0.39	-0.52%
Natural Gas • 11 mins	3.222	+0.031	+0.97%
Heating Oil • 12 mins	2.120	-0.007	-0.32%

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Crude Oil - No End to the Decline in Sight Yet

By - Jul 29, 2016, 6:36 AM CDT

Crude oil is declining sharply, breaking hourly support at 41.90 (28/07/2016 low). Resistance can be found at 43.31 (09/06/2016 high). Selling pressures are fading but further short-term strengthening signals are still not there.

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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