"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •15 mins | 1,866.10 | -12.50 | -0.67% |
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Platinum •15 mins | 915.90 | +0.80 | +0.09% |
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WTI Crude •12 hours | 90.79 | -0.92 | -1.00% |
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Gasoline •12 hours | 2.440 | -0.065 | -2.61% |
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Ethanol •11 hours | 2.161 | +0.000 | +0.00% |
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Silver •15 mins | 22.45 | -0.29 | -1.28% |
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Silver • 15 mins | 22.45 | -0.29 | -1.28% | |
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Copper • 15 mins | 3.738 | +0.030 | +0.80% | |
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Brent Crude • 11 hours | 95.31 | -0.07 | -0.07% | |
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Natural Gas • 12 hours | 2.929 | -0.016 | -0.54% | |
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Heating Oil • 12 hours | 3.362 | +0.044 | +1.33% |
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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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