Commodity Prices

Gold •319 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,000.30	+10.10	+1.02%
WTI Crude •10 mins	62.11	-0.38	-0.61%
Gasoline •10 mins	2.115	-0.027	-1.24%
Ethanol •319 days	2.161	+0.000	+0.00%
Silver •319 days	30.82	+1.16	+3.92%

Silver • 319 days	30.82	+1.16	+3.92%
Copper • 319 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.93	-0.48	-0.73%
Natural Gas • 10 mins	3.183	-0.151	-4.53%
Heating Oil • 10 mins	2.123	-0.017	-0.81%

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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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