Commodity Prices

Gold •323 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,086.80	+6.10	+0.56%
WTI Crude •10 mins	60.81	-0.39	-0.64%
Gasoline •10 mins	2.126	-0.005	-0.24%
Ethanol •323 days	2.161	+0.000	+0.00%
Silver •323 days	30.82	+1.16	+3.92%

Silver • 323 days	30.82	+1.16	+3.92%
Copper • 323 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.09	-0.35	-0.54%
Natural Gas • 12 mins	3.280	+0.027	+0.83%
Heating Oil • 11 mins	2.111	-0.006	-0.30%

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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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