Commodity Prices

Gold •808 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,806.40	+12.10	+0.67%
WTI Crude •1 day	99.40	-2.51	-2.46%
Gasoline •1 day	3.510	+0.003	+0.07%
Ethanol •808 days	2.161	+0.000	+0.00%
Silver •808 days	30.82	+1.16	+3.92%

Silver • 808 days	30.82	+1.16	+3.92%
Copper • 808 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	103.87	-0.95	-0.91%
Natural Gas • 1 day	2.901	+0.000	+0.00%
Heating Oil • 1 day	5.040	-0.074	-1.45%

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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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