Commodity Prices

Gold •736 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,621.30	-8.80	-0.54%
WTI Crude •11 mins	71.86	-0.22	-0.31%
Gasoline •12 mins	3.012	-0.027	-0.88%
Ethanol •736 days	2.161	+0.000	+0.00%
Silver •736 days	30.82	+1.16	+3.92%

Silver • 736 days	30.82	+1.16	+3.92%
Copper • 736 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	76.07	-0.23	-0.30%
Natural Gas • 11 mins	3.012	-0.200	-6.23%
Heating Oil • 13 mins	3.550	-0.022	-0.61%

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Crude Oil - Setting Lower Highs

By - Aug 26, 2016, 8:19 AM CDT

Crude oil's bullish momentum has ended as the pair is now setting lower highs. Hourly resistance can be found at 48.75 (19/08/2016 high). A break of hourly support given at 45.84 (17/08/2016 low) would confirm a deeper bearish move. Time to reload bearish position.

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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