Commodity Prices

Gold •374 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,469.90	+57.40	+4.06%
WTI Crude •1 day	68.45	+1.88	+2.82%
Gasoline •1 day	2.187	+0.035	+1.61%
Ethanol •374 days	2.161	+0.000	+0.00%
Silver •374 days	30.82	+1.16	+3.92%

Silver • 374 days	30.82	+1.16	+3.92%
Copper • 374 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	70.36	+1.72	+2.51%
Natural Gas • 1 day	3.314	-0.023	-0.69%
Heating Oil • 1 day	2.447	+0.064	+2.68%

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Crude Oil - Strong Upside Pressures

By - May 16, 2017, 7:17 AM CDT

Crude oil continues to bounce on short squeeze move. Support is given at a distance 43.76 (05/05/2017 low). Demand is very strong and crude oil is set to be monitor again the $50 mark.

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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