Commodity Prices

Gold •645 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,112.10	+44.60	+2.16%
WTI Crude •1 hour	97.87	+3.46	+3.66%
Gasoline •1 hour	3.001	-0.005	-0.17%
Ethanol •645 days	2.161	+0.000	+0.00%
Silver •645 days	30.82	+1.16	+3.92%

Silver • 645 days	30.82	+1.16	+3.92%
Copper • 645 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	96.40	+1.65	+1.74%
Natural Gas • 1 hour	2.670	-0.054	-1.98%
Heating Oil • 1 hour	3.937	+0.129	+3.38%

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Crude Oil - Breaking Support at $42.55

By - Nov 15, 2016, 7:07 AM CST

Crude oil has broken, as we expected, key support at 42.55 (20/09/2016 low) before bouncing back. The break of hourly support at 49.15 (10/10/2016 low) has signaled that deeper selling pressures were increasing. We maintain our bearish view towards 42.00.

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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