Commodity Prices

Gold •15 mins	1,801.80	-3.60	-0.20%
Platinum •15 mins	1,061.40	-29.20	-2.68%
WTI Crude •13 hours	72.07	+0.16	+0.22%
Gasoline •13 hours	2.291	+0.018	+0.80%
Ethanol •13 hours	2.320	+0.000	+0.00%
Silver •15 mins	25.23	-0.15	-0.58%

Silver • 15 mins	25.23	-0.15	-0.58%
Copper • 15 mins	4.400	+0.063	+1.44%
Brent Crude • 12 hours	74.10	+0.31	+0.42%
Natural Gas • 13 hours	4.060	+0.057	+1.42%
Heating Oil • 13 hours	2.134	+0.001	+0.06%

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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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