Commodity Prices

Gold •273 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,009.80	+5.20	+0.52%
WTI Crude •10 mins	71.22	+0.02	+0.03%
Gasoline •10 mins	2.343	+0.041	+1.77%
Ethanol •273 days	2.161	+0.000	+0.00%
Silver •273 days	30.82	+1.16	+3.92%

Silver • 273 days	30.82	+1.16	+3.92%
Copper • 273 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.25	-0.24	-0.32%
Natural Gas • 10 mins	4.015	+0.064	+1.62%
Heating Oil • 10 mins	2.316	+0.028	+1.20%

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Crude Oil - Volatility Lowers

By - Sep 13, 2016, 6:57 AM CDT

Crude oil is trading up and down. Hourly resistance can be found at 48.75 (19/08/2016 high). A break of resistance at 48.75 would mean that buying interest is strong. Hourly support is given at 43.00 (01/09/2016 low). The lowering volatility may be a signal of further weakness.

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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