Commodity Prices

Gold •604 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,374.30	+134.70	+6.01%
WTI Crude •11 mins	67.22	+2.01	+3.08%
Gasoline •2 hours	2.068	+0.036	+1.77%
Ethanol •604 days	2.161	+0.000	+0.00%
Silver •604 days	30.82	+1.16	+3.92%

Silver • 604 days	30.82	+1.16	+3.92%
Copper • 604 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	73.10	+2.26	+3.19%
Natural Gas • 11 mins	2.859	+0.032	+1.13%
Heating Oil • 2 hours	2.636	+0.023	+0.88%

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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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