Commodity Prices

Gold •10 mins	1,752.90	+1.50	+0.09%
Platinum •10 mins	910.00	-20.60	-2.21%
WTI Crude •10 mins	71.05	-0.92	-1.28%
Gasoline •12 mins	2.143	-0.028	-1.30%
Ethanol •8 hours	2.207	+0.000	+0.00%
Silver •10 mins	22.44	+0.10	+0.44%

Silver • 10 mins	22.44	+0.10	+0.44%
Copper • 10 mins	4.148	-0.099	-2.32%
Brent Crude • 10 mins	74.51	-0.83	-1.10%
Natural Gas • 10 mins	4.997	-0.108	-2.12%
Heating Oil • 10 mins	2.181	-0.028	-1.28%

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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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