Commodity Prices

Gold •340 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,214.80	+46.70	+4.00%
WTI Crude •10 mins	64.65	+0.07	+0.11%
Gasoline •12 mins	2.077	+0.001	+0.02%
Ethanol •340 days	2.161	+0.000	+0.00%
Silver •340 days	30.82	+1.16	+3.92%

Silver • 340 days	30.82	+1.16	+3.92%
Copper • 340 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.57	+0.10	+0.15%
Natural Gas • 10 mins	3.705	-0.079	-2.09%
Heating Oil • 10 mins	2.134	+0.009	+0.41%

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Crude Oil Wide Open For Further Weakness

By - Mar 14, 2017, 7:03 AM CDT

Crude oil's bearish pressures continues. The commodity has been unable to mount a serious challenge to 55.24 (03/01/2017 high) resistance. Strong support given at 49.61 (08/12/2016) has been broken. Expected to see deeper selling 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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