Commodity Prices

Gold •695 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,929.50	+2.20	+0.11%
WTI Crude •6 hours	87.36	-1.54	-1.73%
Gasoline •6 hours	3.034	-0.067	-2.14%
Ethanol •695 days	2.161	+0.000	+0.00%
Silver •695 days	30.82	+1.16	+3.92%

Silver • 695 days	30.82	+1.16	+3.92%
Copper • 695 days	4.530	+0.111	+2.51%
Brent Crude • 5 hours	91.12	-1.58	-1.70%
Natural Gas • 6 hours	3.290	+0.005	+0.15%
Heating Oil • 9 hours	3.533	-0.086	-2.37%

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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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