Commodity Prices

Gold •657 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	2,084.10	+43.30	+2.12%
WTI Crude •11 mins	90.23	+0.56	+0.62%
Gasoline •15 mins	3.215	+0.005	+0.16%
Ethanol •657 days	2.161	+0.000	+0.00%
Silver •657 days	30.82	+1.16	+3.92%

Silver • 657 days	30.82	+1.16	+3.92%
Copper • 657 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	99.14	+0.66	+0.67%
Natural Gas • 11 mins	2.728	+0.031	+1.15%
Heating Oil • 14 mins	3.846	+0.117	+3.13%

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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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