Commodity Prices

Gold •15 mins	1,978.10	+28.50	+1.46%
Platinum •15 mins	996.30	+9.30	+0.94%
WTI Crude •10 mins	70.11	-0.79	-1.11%
Gasoline •48 mins	2.580	-0.014	-0.52%
Ethanol •6 hours	2.161	+0.000	+0.00%
Silver •15 mins	23.08	+0.29	+1.29%

Silver • 15 mins	23.08	+0.29	+1.29%
Copper • 15 mins	4.063	+0.019	+0.46%
Brent Crude • 11 mins	76.00	-0.69	-0.90%
Natural Gas • 10 mins	2.205	+0.034	+1.57%
Heating Oil • 49 mins	2.718	-0.022	-0.81%

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Crude Oil - Collapsing

By - May 05, 2017, 5:56 AM CDT

Crude oil has broken key support given at 47.01 (22/01/2017 low). The road is wide-open towards support given at 42.20 (14/11/2017 low).

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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