Commodity Prices

Gold •15 mins	1,650.00	+6.90	+0.42%
Platinum •15 mins	916.30	+1.50	+0.16%
WTI Crude •10 mins	47.67	-1.06	-2.18%
Gasoline •11 mins	1.512	-0.053	-3.37%
Ethanol •1 hour	1.280	-0.020	-1.54%
Silver •15 mins	18.07	+0.15	+0.84%

Silver • 15 mins	18.07	+0.15	+0.84%
Copper • 15 mins	2.563	-0.011	-0.41%
Brent Crude • 11 mins	51.74	-1.07	-2.03%
Natural Gas • 11 mins	1.767	-0.070	-3.81%
Heating Oil • 10 mins	1.456	-0.042	-2.78%

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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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