Commodity Prices

Gold •716 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,668.20	-39.10	-2.29%
WTI Crude •6 hours	76.54	+0.69	+0.91%
Gasoline •6 hours	3.004	+0.009	+0.31%
Ethanol •716 days	2.161	+0.000	+0.00%
Silver •716 days	30.82	+1.16	+3.92%

Silver • 716 days	30.82	+1.16	+3.92%
Copper • 716 days	4.530	+0.111	+2.51%
Brent Crude • 5 hours	80.57	+0.72	+0.90%
Natural Gas • 6 hours	3.198	-0.035	-1.08%
Heating Oil • 6 hours	3.195	+0.067	+2.15%

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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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