Commodity Prices

Gold •15 mins	1,655.60	-25.50	-1.52%
Platinum •15 mins	856.50	-42.50	-4.73%
WTI Crude •1 day	78.74	-4.75	-5.69%
Gasoline •1 day	2.383	-0.133	-5.27%
Ethanol •1 day	2.161	+0.000	+0.00%
Silver •15 mins	18.91	-0.71	-3.60%

Silver • 15 mins	18.91	-0.71	-3.60%
Copper • 15 mins	3.343	-0.128	-3.69%
Brent Crude • 1 day	86.15	-4.31	-4.76%
Natural Gas • 1 day	6.828	-0.261	-3.68%
Heating Oil • 1 day	3.237	-0.174	-5.11%

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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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