Commodity Prices

Gold •15 mins	1,641.30	-8.70	-0.53%
Platinum •15 mins	932.10	-0.20	-0.02%
WTI Crude •11 mins	50.31	+0.41	+0.82%
Gasoline •10 mins	1.630	-0.012	-0.75%
Ethanol •5 hours	1.316	-0.016	-1.20%
Silver •15 mins	18.03	-0.17	-0.91%

Silver • 15 mins	18.03	-0.17	-0.91%
Copper • 15 mins	2.580	-0.002	-0.10%
Brent Crude • 10 mins	54.71	+0.45	+0.83%
Natural Gas • 10 mins	1.845	-0.006	-0.32%
Heating Oil • 10 mins	1.573	+0.007	+0.48%

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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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