Commodity Prices

Gold •10 mins	1,743.00	+14.70	+0.85%
Platinum •10 mins	873.10	+5.00	+0.58%
WTI Crude •17 hours	35.49	+1.78	+5.28%
Gasoline •17 hours	1.079	+0.053	+5.12%
Ethanol •17 hours	1.150	+0.033	+2.95%
Silver •10 mins	18.49	+0.52	+2.88%

Silver • 10 mins	18.49	+0.52	+2.88%
Copper • 10 mins	2.443	+0.029	+1.20%
Brent Crude • 17 hours	37.84	+1.81	+5.02%
Natural Gas • 17 hours	1.849	+0.022	+1.20%
Heating Oil • 17 hours	1.037	+0.062	+6.31%

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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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