Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,989.30	+45.60	+2.35%
WTI Crude •11 mins	93.71	-1.84	-1.93%
Gasoline •15 mins	3.107	-0.021	-0.66%
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	107.21	-1.44	-1.33%
Natural Gas • 11 mins	3.138	-0.028	-0.88%
Heating Oil • 12 mins	4.305	-0.037	-0.84%

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Crude Oil - Renewed Bullish Pressures

By - Feb 22, 2017, 6:43 AM CST

Crude oil has broken resistance at 54.32 (06/01/2017 high)/ We rule out for the moment any correction towards 49.61 (08/12/2016). Expected to see deeper buying pressures.

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 resistance can now be found at 55.24 (03/01/2017 high).

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