Commodity Prices

Gold •10 mins	1,787.30	-2.70	-0.15%
Platinum •10 mins	825.80	-5.80	-0.70%
WTI Crude •17 hours	40.32	-0.33	-0.81%
Gasoline •17 hours	1.244	-0.015	-1.21%
Ethanol •1 day	1.310	+0.101	+8.35%
Silver •10 mins	18.31	-0.01	-0.07%

Silver • 10 mins	18.31	-0.01	-0.07%
Copper • 10 mins	2.721	-0.028	-1.00%
Brent Crude • 18 hours	42.80	-0.34	-0.79%
Natural Gas • 17 hours	1.750	+0.016	+0.92%
Heating Oil • 17 hours	1.226	-0.005	-0.41%

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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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