Commodity Prices

Gold •424 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,369.00	-1.50	-0.11%
WTI Crude •12 mins	63.95	-0.06	-0.09%
Gasoline •12 mins	1.966	-0.003	-0.14%
Ethanol •424 days	2.161	+0.000	+0.00%
Silver •424 days	30.82	+1.16	+3.92%

Silver • 424 days	30.82	+1.16	+3.92%
Copper • 424 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	67.42	-0.06	-0.09%
Natural Gas • 10 mins	2.995	-0.002	-0.07%
Heating Oil • 19 mins	2.268	-0.002	-0.09%

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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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