Commodity Prices

Gold •764 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,769.70	+31.80	+1.83%
WTI Crude •11 mins	77.06	-0.23	-0.30%
Gasoline •11 mins	2.955	+0.016	+0.55%
Ethanol •764 days	2.161	+0.000	+0.00%
Silver •764 days	30.82	+1.16	+3.92%

Silver • 764 days	30.82	+1.16	+3.92%
Copper • 764 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	82.08	-0.41	-0.50%
Natural Gas • 11 mins	2.683	+0.043	+1.63%
Heating Oil • 11 mins	3.868	-0.015	-0.37%

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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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