Commodity Prices

Gold •15 mins	1,523.90	+17.70	+1.18%
Platinum •15 mins	946.50	+4.10	+0.44%
WTI Crude •11 mins	58.47	+0.28	+0.48%
Gasoline •11 mins	1.653	-0.010	-0.63%
Ethanol •3 hours	1.362	-0.012	-0.87%
Silver •15 mins	18.01	+0.13	+0.70%

Silver • 15 mins	18.01	+0.13	+0.70%
Copper • 15 mins	2.592	-0.017	-0.65%
Brent Crude • 11 mins	63.57	+0.24	+0.38%
Natural Gas • 11 mins	2.557	-0.012	-0.47%
Heating Oil • 10 mins	1.998	-0.002	-0.09%

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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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