Commodity Prices

Gold •15 mins	1,277.60	+1.90	+0.15%
Platinum •15 mins	818.50	-1.80	-0.22%
Bitcoin •1 min	8,020.27	+689.59	+9.41%
WTI Crude •11 mins	63.72	+0.80	+1.27%
Gasoline •11 mins	2.033	+0.015	+0.73%
Silver •15 mins	14.40	+0.01	+0.05%

Silver • 15 mins	14.40	+0.01	+0.05%
Copper • 15 mins	2.733	-0.006	-0.22%
Ethereum • 1 min	258.53	+19.66	+8.23%
Brent Crude • 11 mins	73.03	+0.82	+1.14%
Natural Gas • 11 mins	2.667	+0.003	+0.11%

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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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