Commodity Prices

Gold •372 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,422.40	+9.90	+0.70%
WTI Crude •10 mins	67.16	+0.59	+0.89%
Gasoline •11 mins	2.160	+0.008	+0.35%
Ethanol •372 days	2.161	+0.000	+0.00%
Silver •372 days	30.82	+1.16	+3.92%

Silver • 372 days	30.82	+1.16	+3.92%
Copper • 372 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.17	+0.53	+0.77%
Natural Gas • 10 mins	3.378	+0.041	+1.23%
Heating Oil • 10 mins	2.394	+0.011	+0.44%

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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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