Commodity Prices

Gold •10 mins	1,421.00	-0.70	-0.05%
Platinum •10 mins	863.60	+2.00	+0.23%
Bitcoin •1 min	9,638.78	-591.66	-5.78%
WTI Crude •11 mins	57.00	+0.23	+0.41%
Gasoline •15 mins	1.809	-0.005	-0.28%
Silver •10 mins	16.48	+0.00	+0.02%

Silver • 10 mins	16.48	+0.00	+0.02%
Copper • 10 mins	2.702	+0.002	+0.07%
Ethereum • 1 min	204.52	-12.43	-5.73%
Brent Crude • 12 mins	64.00	+0.17	+0.27%
Natural Gas • 10 mins	2.268	-0.007	-0.31%

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Crude Oil - Strong Increase

By - Oct 11, 2016, 6:29 AM CDT

Crude oil is definitely recovering. Support can be found at 48.32 (04/10/2016 base) then 46.50/68 (22/09/2016 high). Next resistance lies at 51.67 (08/06/2016 reaction high). Expected to monitor again resistance at 51.67. Bearish positions should be loaded up at that level as profit may start to be taken.

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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