Commodity Prices

Gold •288 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	977.00	-3.10	-0.32%
WTI Crude •17 hours	64.68	+2.21	+3.54%
Gasoline •17 hours	2.099	+0.055	+2.71%
Ethanol •288 days	2.161	+0.000	+0.00%
Silver •288 days	30.82	+1.16	+3.92%

Silver • 288 days	30.82	+1.16	+3.92%
Copper • 288 days	4.530	+0.111	+2.51%
Brent Crude • 16 hours	67.96	+2.11	+3.20%
Natural Gas • 17 hours	3.245	-0.002	-0.06%
Heating Oil • 17 hours	2.152	+0.037	+1.74%

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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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