Commodity Prices

Gold •15 mins	1,795.30	+14.40	+0.81%
Platinum •15 mins	989.70	+23.80	+2.46%
WTI Crude •11 mins	45.36	+0.02	+0.04%
Gasoline •10 mins	1.243	+0.001	+0.07%
Ethanol •8 hours	1.400	+0.070	+5.26%
Silver •15 mins	23.16	+0.57	+2.51%

Silver • 15 mins	23.16	+0.57	+2.51%
Copper • 15 mins	3.463	+0.025	+0.71%
Brent Crude • 11 mins	47.89	+0.01	+0.02%
Natural Gas • 10 mins	2.913	+0.031	+1.08%
Heating Oil • 10 mins	1.376	+0.005	+0.36%

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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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