Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	973.40	+2.90	+0.30%
WTI Crude •10 mins	70.69	+0.59	+0.84%
Gasoline •10 mins	2.051	-0.008	-0.39%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.65	+0.42	+0.57%
Natural Gas • 10 mins	3.140	-0.199	-5.96%
Heating Oil • 10 mins	2.268	-0.007	-0.30%

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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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