Commodity Prices

Gold •274 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	937.10	-19.50	-2.04%
WTI Crude •10 mins	62.54	-4.41	-6.59%
Gasoline •10 mins	2.065	-0.099	-4.59%
Ethanol •274 days	2.161	+0.000	+0.00%
Silver •274 days	30.82	+1.16	+3.92%

Silver • 274 days	30.82	+1.16	+3.92%
Copper • 274 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	65.95	-4.19	-5.97%
Natural Gas • 10 mins	4.031	-0.107	-2.59%
Heating Oil • 10 mins	2.088	-0.101	-4.62%

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Crude Oil – Continued Reversal

By - Aug 10, 2016, 5:44 AM CDT

Crude oil continues its move higher. The break of the hourly resistance at 42.22 (28/07/2016 high) and 43.39 (26/07/2016 high) has confirmed deeper buying pressures. Hourly support is given at 39.19 (03/08/2016 low).

In the long-term, crude oil is now recovering from its sharp decline and the signs of recovery are now strong. Strong support lies at 24.82 (13/11/2002) while strong resistance at 50.96 (09/10/2015 high) has been broken. Crude oil is holding way above its 200-Day Moving Average. Expected to reach 60 before year-end.

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