Commodity Prices

Gold •273 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	995.20	-9.40	-0.94%
WTI Crude •25 mins	71.71	+0.51	+0.72%
Gasoline •25 mins	2.331	+0.029	+1.24%
Ethanol •273 days	2.161	+0.000	+0.00%
Silver •273 days	30.82	+1.16	+3.92%

Silver • 273 days	30.82	+1.16	+3.92%
Copper • 273 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.57	-0.92	-1.24%
Natural Gas • 25 mins	4.055	+0.104	+2.63%
Heating Oil • 25 mins	2.322	+0.033	+1.45%

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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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