Commodity Prices

Gold •10 mins	1,967.00	+24.20	+1.25%
Platinum •10 mins	1,017.70	+16.00	+1.60%
WTI Crude •11 mins	77.06	+0.65	+0.85%
Gasoline •11 mins	2.461	+0.007	+0.27%
Ethanol •2 hours	2.161	+0.000	+0.00%
Silver •10 mins	24.17	+0.56	+2.36%

Silver • 10 mins	24.17	+0.56	+2.36%
Copper • 10 mins	4.186	+0.075	+1.82%
Brent Crude • 2 hours	82.84	-2.62	-3.07%
Natural Gas • 10 mins	2.521	+0.053	+2.15%
Heating Oil • 14 mins	2.963	+0.012	+0.40%

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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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