Commodity Prices

Gold •637 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,918.70	-71.00	-3.57%
WTI Crude •11 mins	111.58	+11.46	+11.45%
Gasoline •11 mins	3.287	+0.196	+6.33%
Ethanol •637 days	2.161	+0.000	+0.00%
Silver •637 days	30.82	+1.16	+3.92%

Silver • 637 days	30.82	+1.16	+3.92%
Copper • 637 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	109.11	+7.95	+7.86%
Natural Gas • 11 mins	2.851	+0.032	+1.14%
Heating Oil • 11 mins	4.593	+0.536	+13.21%

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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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