"No warning can save people determined to grow suddently rich" - Lord Overstone
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Gold •15 mins | 1,510.40 | +4.20 | +0.28% |
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Platinum •15 mins | 945.10 | +2.70 | +0.29% |
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WTI Crude •11 mins | 58.90 | +0.71 | +1.22% |
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Gasoline •11 mins | 1.668 | +0.005 | +0.29% |
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Ethanol •28 mins | 1.372 | -0.002 | -0.15% |
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Silver •15 mins | 17.86 | -0.02 | -0.13% |
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Silver • 15 mins | 17.86 | -0.02 | -0.13% | |
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Copper • 15 mins | 2.614 | +0.006 | +0.21% | |
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Brent Crude • 11 mins | 63.95 | +0.62 | +0.98% | |
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Natural Gas • 10 mins | 2.548 | -0.021 | -0.82% | |
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Heating Oil • 10 mins | 2.004 | +0.004 | +0.22% |
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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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