Commodity Prices

Gold •15 mins	1,807.50	+2.90	+0.16%
Platinum •15 mins	971.60	+13.30	+1.39%
WTI Crude •11 mins	45.31	+0.40	+0.89%
Gasoline •22 mins	1.266	+0.008	+0.64%
Ethanol •8 hours	1.410	+0.000	+0.00%
Silver •15 mins	23.29	-0.02	-0.06%

Silver • 15 mins	23.29	-0.02	-0.06%
Copper • 15 mins	3.317	-0.003	-0.09%
Brent Crude • 11 mins	48.39	+0.53	+1.11%
Natural Gas • 26 mins	2.721	-0.054	-1.95%
Heating Oil • 11 mins	1.375	+0.015	+1.12%

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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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