Commodity Prices

Gold •10 mins	1,879.60	-16.80	-0.89%
Platinum •10 mins	1,151.10	+5.10	+0.45%
WTI Crude •19 hours	70.91	+0.62	+0.88%
Gasoline •19 hours	2.186	-0.026	-1.18%
Ethanol •19 hours	2.460	+0.000	+0.00%
Silver •10 mins	28.15	+0.12	+0.41%

Silver • 10 mins	28.15	+0.12	+0.41%
Copper • 10 mins	4.538	+0.052	+1.17%
Brent Crude • 16 hours	72.69	+0.17	+0.23%
Natural Gas • 19 hours	3.296	+0.147	+4.67%
Heating Oil • 19 hours	2.121	-0.023	-1.06%

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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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