Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	942.10	+5.70	+0.61%
WTI Crude •10 mins	69.79	+0.33	+0.48%
Gasoline •12 mins	1.952	+0.011	+0.54%
Ethanol •172 days	2.161	+0.000	+0.00%
Silver •172 days	30.82	+1.16	+3.92%

Silver • 172 days	30.82	+1.16	+3.92%
Copper • 172 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	73.23	+0.29	+0.40%
Natural Gas • 10 mins	3.862	+0.114	+3.04%
Heating Oil • 27 mins	2.253	+0.022	+0.97%

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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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