Commodity Prices

Gold •66 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	918.70	-11.60	-1.25%
WTI Crude •1 day	67.67	-1.48	-2.14%
Gasoline •1 day	1.896	-0.030	-1.55%
Ethanol •66 days	2.161	+0.000	+0.00%
Silver •66 days	30.82	+1.16	+3.92%

Silver • 66 days	30.82	+1.16	+3.92%
Copper • 66 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	71.06	-1.63	-2.24%
Natural Gas • 1 day	2.275	+0.021	+0.93%
Heating Oil • 1 day	2.115	-0.054	-2.49%

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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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