Commodity Prices

Gold •843 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,562.40	-14.50	-0.92%
WTI Crude •1 day	103.27	+3.80	+3.82%
Gasoline •1 day	3.212	+0.035	+1.10%
Ethanol •843 days	2.161	+0.000	+0.00%
Silver •843 days	30.82	+1.16	+3.92%

Silver • 843 days	30.82	+1.16	+3.92%
Copper • 843 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	116.72	+3.55	+3.14%
Natural Gas • 1 day	2.640	-0.156	-5.58%
Heating Oil • 1 day	4.984	+0.052	+1.06%

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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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