Commodity Prices

Gold •10 mins	1,796.30	+14.40	+0.81%
Platinum •10 mins	1,052.10	+2.40	+0.23%
WTI Crude •1 day	83.76	+1.26	+1.53%
Gasoline •1 day	2.482	+0.002	+0.08%
Ethanol •1 day	2.207	+0.000	+0.00%
Silver •10 mins	24.45	+0.28	+1.15%

Silver • 10 mins	24.45	+0.28	+1.15%
Copper • 10 mins	4.498	-0.061	-1.33%
Brent Crude • 1 day	85.53	+0.92	+1.09%
Natural Gas • 1 day	5.280	+0.165	+3.23%
Heating Oil • 1 day	2.539	-0.010	-0.40%

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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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