Commodity Prices

Gold •10 mins	1,801.80	-3.60	-0.20%
Platinum •10 mins	1,061.40	-29.20	-2.68%
WTI Crude •1 day	72.07	+0.16	+0.22%
Gasoline •1 day	2.291	+0.018	+0.80%
Ethanol •1 day	2.320	+0.000	+0.00%
Silver •10 mins	25.23	-0.15	-0.58%

Silver • 10 mins	25.23	-0.15	-0.58%
Copper • 10 mins	4.400	+0.063	+1.44%
Brent Crude • 1 day	74.10	+0.31	+0.42%
Natural Gas • 1 day	4.060	+0.057	+1.42%
Heating Oil • 1 day	2.134	+0.001	+0.06%

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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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