Commodity Prices

Gold •768 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,778.40	+24.80	+1.41%
WTI Crude •11 mins	83.48	+1.35	+1.64%
Gasoline •11 mins	3.161	+0.025	+0.80%
Ethanol •768 days	2.161	+0.000	+0.00%
Silver •768 days	30.82	+1.16	+3.92%

Silver • 768 days	30.82	+1.16	+3.92%
Copper • 768 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	88.95	+1.23	+1.40%
Natural Gas • 11 mins	2.753	-0.041	-1.47%
Heating Oil • 11 mins	4.231	+0.041	+0.99%

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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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