Commodity Prices

Gold •15 mins	1,417.80	-3.90	-0.27%
Platinum •15 mins	860.50	-1.10	-0.13%
Bitcoin •1 min	10,114.47	-142.09	-1.39%
WTI Crude •11 mins	57.22	+0.45	+0.79%
Gasoline •10 mins	1.816	+0.002	+0.13%
Silver •15 mins	16.42	-0.06	-0.34%

Silver • 15 mins	16.42	-0.06	-0.34%
Copper • 15 mins	2.707	+0.007	+0.26%
Ethereum • 1 min	216.93	+0.13	+0.06%
Brent Crude • 25 mins	63.83	+0.57	+0.90%
Natural Gas • 10 mins	2.269	-0.006	-0.26%

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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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