Commodity Prices

Gold •142 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	975.10	+4.60	+0.47%
WTI Crude •2 hours	71.24	+1.14	+1.63%
Gasoline •2 hours	2.061	+0.002	+0.10%
Ethanol •142 days	2.161	+0.000	+0.00%
Silver •142 days	30.82	+1.16	+3.92%

Silver • 142 days	30.82	+1.16	+3.92%
Copper • 142 days	4.530	+0.111	+2.51%
Brent Crude • 31 mins	75.17	+0.94	+1.27%
Natural Gas • 2 hours	3.129	-0.210	-6.29%
Heating Oil • 2 hours	2.275	+0.001	+0.02%

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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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