Commodity Prices

Gold •621 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,148.30	+53.40	+2.55%
WTI Crude •11 mins	96.19	+2.69	+2.88%
Gasoline •11 mins	3.072	+0.072	+2.38%
Ethanol •621 days	2.161	+0.000	+0.00%
Silver •621 days	30.82	+1.16	+3.92%

Silver • 621 days	30.82	+1.16	+3.92%
Copper • 621 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	103.10	+2.89	+2.88%
Natural Gas • 11 mins	3.021	-0.002	-0.07%
Heating Oil • 13 mins	3.992	+0.154	+4.01%

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Crude Oil - Consolidating Below Resistance At 54.51

By - Jan 03, 2017, 6:01 AM CST

Crude oil is still in a bullish trend despite some profit taking at the moment that sent the commodity lower. The commodity has weakened from resistance given at 54.51 (10/07/2015 high) towards 50. Expected to head even higher.

In the long-term, crude oil has recovered after its sharp decline last year. However, we consider that further weakness are very likely. Strong support lies at 24.82 (13/11/2002) while can now be found at resistance at 51.93 (19/10/2015 high).

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