Commodity Prices

Gold •10 mins	2,014.50	-31.90	-1.56%
Platinum •10 mins	919.80	+7.80	+0.86%
WTI Crude •11 hours	71.23	+1.89	+2.73%
Gasoline •11 hours	2.050	+0.049	+2.43%
Ethanol •9 hours	2.161	+0.000	+0.00%
Silver •10 mins	23.28	-0.78	-3.25%

Silver • 10 mins	23.28	-0.78	-3.25%
Copper • 10 mins	3.831	+0.033	+0.87%
Brent Crude • 10 hours	75.84	+1.79	+2.42%
Natural Gas • 11 hours	2.581	-0.004	-0.15%
Heating Oil • 11 hours	2.581	+0.032	+1.25%

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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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