Commodity Prices

Gold •15 mins	1,767.90	-10.90	-0.61%
Platinum •15 mins	996.80	-4.30	-0.43%
WTI Crude •11 mins	71.96	-0.27	-0.37%
Gasoline •29 mins	2.117	-0.007	-0.35%
Ethanol •47 mins	2.207	+0.000	+0.00%
Silver •15 mins	22.69	-0.22	-0.95%

Silver • 15 mins	22.69	-0.22	-0.95%
Copper • 15 mins	4.220	-0.032	-0.75%
Brent Crude • 2 hours	76.19	+1.83	+2.46%
Natural Gas • 12 mins	4.769	-0.036	-0.75%
Heating Oil • 55 mins	2.207	-0.004	-0.19%

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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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