Commodity Prices

Gold •713 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,808.50	-6.20	-0.34%
WTI Crude •13 mins	76.59	+0.54	+0.71%
Gasoline •14 mins	2.899	+0.018	+0.63%
Ethanol •713 days	2.161	+0.000	+0.00%
Silver •713 days	30.82	+1.16	+3.92%

Silver • 713 days	30.82	+1.16	+3.92%
Copper • 713 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	78.96	-4.21	-5.06%
Natural Gas • 12 mins	3.253	+0.014	+0.43%
Heating Oil • 15 mins	3.207	+0.037	+1.16%

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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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