Commodity Prices

Gold •10 mins	1,769.00	-5.80	-0.33%
Platinum •10 mins	1,041.00	-14.20	-1.35%
WTI Crude •18 hours	71.64	+0.60	+0.84%
Gasoline •18 hours	2.168	+0.034	+1.60%
Ethanol •18 hours	2.460	+0.000	+0.00%
Silver •10 mins	25.97	+0.11	+0.44%

Silver • 10 mins	25.97	+0.11	+0.44%
Copper • 10 mins	4.157	-0.021	-0.50%
Brent Crude • 17 hours	73.51	+0.43	+0.59%
Natural Gas • 18 hours	3.215	-0.038	-1.17%
Heating Oil • 18 hours	2.093	+0.026	+1.28%

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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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