Commodity Prices

Gold •760 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,664.20	+5.50	+0.33%
WTI Crude •11 mins	79.58	-5.09	-6.01%
Gasoline •12 mins	3.013	-0.101	-3.24%
Ethanol •760 days	2.161	+0.000	+0.00%
Silver •760 days	30.82	+1.16	+3.92%

Silver • 760 days	30.82	+1.16	+3.92%
Copper • 760 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	83.40	-4.53	-5.15%
Natural Gas • 11 mins	2.771	+0.024	+0.87%
Heating Oil • 11 mins	3.994	-0.102	-2.48%

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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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