Commodity Prices

Gold •314 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	986.80	-5.40	-0.54%
WTI Crude •10 mins	63.21	-0.46	-0.72%
Gasoline •10 mins	2.165	-0.001	-0.04%
Ethanol •314 days	2.161	+0.000	+0.00%
Silver •314 days	30.82	+1.16	+3.92%

Silver • 314 days	30.82	+1.16	+3.92%
Copper • 314 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.19	-0.44	-0.66%
Natural Gas • 10 mins	3.542	-0.105	-2.88%
Heating Oil • 10 mins	2.174	+0.003	+0.12%

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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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