Commodity Prices

Gold •15 mins	1,468.50	+0.40	+0.03%
Platinum •15 mins	924.20	+1.60	+0.17%
WTI Crude •11 mins	59.12	-0.12	-0.20%
Gasoline •11 mins	1.645	-0.007	-0.43%
Ethanol •2 hours	1.338	-0.025	-1.83%
Silver •15 mins	16.72	+0.01	+0.08%

Silver • 15 mins	16.72	+0.01	+0.08%
Copper • 15 mins	2.762	-0.003	-0.13%
Brent Crude • 35 mins	64.34	+0.09	+0.14%
Natural Gas • 10 mins	2.273	+0.009	+0.40%
Heating Oil • 11 mins	1.958	-0.007	-0.38%

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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).

Daily Technical Report