Commodity Prices

Gold •377 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,412.40	-5.60	-0.39%
WTI Crude •10 mins	66.75	-0.23	-0.34%
Gasoline •10 mins	2.173	+0.008	+0.36%
Ethanol •377 days	2.161	+0.000	+0.00%
Silver •377 days	30.82	+1.16	+3.92%

Silver • 377 days	30.82	+1.16	+3.92%
Copper • 377 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.85	-0.36	-0.52%
Natural Gas • 10 mins	3.506	+0.040	+1.15%
Heating Oil • 10 mins	2.412	+0.022	+0.93%

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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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