Commodity Prices

Gold •15 mins	1,463.20	+9.50	+0.65%
Platinum •15 mins	871.20	+1.30	+0.15%
WTI Crude •11 mins	56.44	-0.36	-0.63%
Gasoline •11 mins	1.608	-0.006	-0.40%
Ethanol •14 hours	1.433	-0.012	-0.83%
Silver •15 mins	16.85	+0.16	+0.95%

Silver • 15 mins	16.85	+0.16	+0.95%
Copper • 15 mins	2.636	-0.010	-0.36%
Brent Crude • 11 mins	61.54	-0.52	-0.84%
Natural Gas • 10 mins	2.585	-0.036	-1.37%
Heating Oil • 10 mins	1.873	-0.025	-1.31%

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OILUSD - Pause Ffter Bullish Bounce

By - Apr 12, 2016, 6:07 AM CDT

Crude oil is moving above above short-term declining channel suggesting further buying pressure. Hourly resistance is given at 40.70 (11/04/2016 high) then 41.90 (22/03/2016 high). Hourly support is now given at 39.98 (11/04/2016 low).

In the long-term, crude oil is on a sharp decline and is of course no showing any signs of recovery. Strong support at 24.82 (13/11/2002) is now on target. Crude oil is holding way below its 200-Day Moving Average (setting up at around 47). There are currently no signs that a reverse trend may happen.

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