Commodity Prices

Gold •716 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,668.20	-39.10	-2.29%
WTI Crude •3 hours	76.54	+0.69	+0.91%
Gasoline •3 hours	3.004	+0.009	+0.31%
Ethanol •716 days	2.161	+0.000	+0.00%
Silver •716 days	30.82	+1.16	+3.92%

Silver • 716 days	30.82	+1.16	+3.92%
Copper • 716 days	4.530	+0.111	+2.51%
Brent Crude • 3 hours	80.57	+0.72	+0.90%
Natural Gas • 3 hours	3.198	-0.035	-1.08%
Heating Oil • 3 hours	3.195	+0.067	+2.15%

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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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