Commodity Prices

Gold •15 mins	1,645.70	+8.00	+0.49%
Platinum •15 mins	718.10	-11.90	-1.63%
WTI Crude •23 hours	28.34	+3.02	+11.93%
Gasoline •23 hours	0.692	+0.029	+4.35%
Ethanol •23 hours	0.864	-0.001	-0.12%
Silver •15 mins	14.49	-0.16	-1.09%

Silver • 15 mins	14.49	-0.16	-1.09%
Copper • 15 mins	2.193	-0.026	-1.17%
Brent Crude • 23 hours	34.11	+4.17	+13.93%
Natural Gas • 23 hours	1.621	+0.069	+4.45%
Heating Oil • 23 hours	1.071	+0.076	+7.59%

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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