Commodity Prices

Gold •20 mins	1,969.60	-25.90	-1.30%
Platinum •20 mins	1,003.50	-6.60	-0.65%
WTI Crude •1 day	71.74	+1.64	+2.34%
Gasoline •1 day	2.501	+0.065	+2.65%
Ethanol •1 day	2.161	+0.000	+0.00%
Silver •20 mins	23.75	-0.24	-1.00%

Silver • 20 mins	23.75	-0.24	-1.00%
Copper • 20 mins	3.728	+0.017	+0.44%
Brent Crude • 1 day	76.13	+1.85	+2.49%
Natural Gas • 1 day	2.172	+0.014	+0.65%
Heating Oil • 1 day	2.357	+0.042	+1.82%

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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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