Commodity Prices

Gold •809 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,807.10	+0.70	+0.04%
WTI Crude •12 mins	100.43	+0.13	+0.13%
Gasoline •11 mins	3.542	+0.014	+0.40%
Ethanol •809 days	2.161	+0.000	+0.00%
Silver •809 days	30.82	+1.16	+3.92%

Silver • 809 days	30.82	+1.16	+3.92%
Copper • 809 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	104.19	+0.32	+0.31%
Natural Gas • 11 mins	2.888	-0.024	-0.82%
Heating Oil • 14 mins	5.126	+0.069	+1.36%

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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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