Commodity Prices

Gold •817 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,708.10	-36.60	-2.10%
WTI Crude •11 mins	94.33	+1.73	+1.87%
Gasoline •4 hours	3.321	-0.017	-0.50%
Ethanol •817 days	2.161	+0.000	+0.00%
Silver •817 days	30.82	+1.16	+3.92%

Silver • 817 days	30.82	+1.16	+3.92%
Copper • 817 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	107.55	+2.27	+2.16%
Natural Gas • 11 mins	3.123	+0.017	+0.55%
Heating Oil • 15 mins	4.838	+0.082	+1.73%

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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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