Commodity Prices

Gold •173 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	956.10	+4.60	+0.48%
WTI Crude •10 mins	69.48	+0.24	+0.35%
Gasoline •33 mins	1.952	+0.014	+0.72%
Ethanol •173 days	2.161	+0.000	+0.00%
Silver •173 days	30.82	+1.16	+3.92%

Silver • 173 days	30.82	+1.16	+3.92%
Copper • 173 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.88	+0.25	+0.34%
Natural Gas • 12 mins	3.719	+0.063	+1.72%
Heating Oil • 1 hour	2.237	+0.011	+0.49%

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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