Commodity Prices

Gold •617 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,133.10	-32.40	-1.50%
WTI Crude •11 mins	95.44	-0.29	-0.30%
Gasoline •11 mins	2.943	-0.022	-0.74%
Ethanol •617 days	2.161	+0.000	+0.00%
Silver •617 days	30.82	+1.16	+3.92%

Silver • 617 days	30.82	+1.16	+3.92%
Copper • 617 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	100.47	+0.01	+0.01%
Natural Gas • 11 mins	3.244	+0.011	+0.34%
Heating Oil • 12 mins	3.873	-0.026	-0.67%

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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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