Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,986.90	+43.20	+2.22%
WTI Crude •11 mins	93.58	-1.97	-2.06%
Gasoline •12 mins	3.105	-0.022	-0.69%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	106.89	-1.76	-1.62%
Natural Gas • 11 mins	3.137	-0.029	-0.92%
Heating Oil • 15 mins	4.314	-0.029	-0.66%

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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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