Commodity Prices

Gold •726 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,572.80	-19.50	-1.22%
WTI Crude •11 mins	70.39	-0.36	-0.51%
Gasoline •5 hours	3.061	+0.104	+3.53%
Ethanol •726 days	2.161	+0.000	+0.00%
Silver •726 days	30.82	+1.16	+3.92%

Silver • 726 days	30.82	+1.16	+3.92%
Copper • 726 days	4.530	+0.111	+2.51%
Brent Crude • 19 mins	72.51	-0.64	-0.87%
Natural Gas • 11 mins	3.161	-0.020	-0.63%
Heating Oil • 22 mins	3.303	-0.029	-0.88%

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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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