Commodity Prices

Gold •687 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,942.10	-22.70	-1.16%
WTI Crude •11 mins	98.53	+2.18	+2.26%
Gasoline •12 mins	3.476	+0.096	+2.84%
Ethanol •687 days	2.161	+0.000	+0.00%
Silver •687 days	30.82	+1.16	+3.92%

Silver • 687 days	30.82	+1.16	+3.92%
Copper • 687 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	105.55	+2.97	+2.90%
Natural Gas • 11 mins	3.000	-0.018	-0.60%
Heating Oil • 20 mins	3.960	+0.129	+3.36%

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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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