Commodity Prices

Gold •604 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,373.50	+133.90	+5.98%
WTI Crude •6 hours	67.02	+1.81	+2.78%
Gasoline •9 hours	2.068	+0.036	+1.77%
Ethanol •604 days	2.161	+0.000	+0.00%
Silver •604 days	30.82	+1.16	+3.92%

Silver • 604 days	30.82	+1.16	+3.92%
Copper • 604 days	4.530	+0.111	+2.51%
Brent Crude • 5 hours	72.87	+2.03	+2.87%
Natural Gas • 6 hours	2.859	+0.032	+1.13%
Heating Oil • 9 hours	2.636	+0.023	+0.88%

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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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