Commodity Prices

Gold •10 mins	1,807.60	+2.10	+0.12%
Platinum •10 mins	964.30	-5.50	-0.57%
WTI Crude •11 mins	46.09	+1.18	+2.63%
Gasoline •11 mins	1.268	-0.020	-1.53%
Ethanol •1 day	1.370	-0.040	-2.84%
Silver •10 mins	23.22	-0.15	-0.63%

Silver • 10 mins	23.22	-0.15	-0.63%
Copper • 10 mins	3.370	+0.039	+1.17%
Brent Crude • 11 mins	47.90	+0.10	+0.21%
Natural Gas • 10 mins	2.940	-0.021	-0.71%
Heating Oil • 11 mins	1.367	-0.019	-1.39%

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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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