Commodity Prices

Gold •10 mins	1,406.20	-5.00	-0.35%
Platinum •10 mins	843.90	-3.00	-0.35%
Bitcoin •1 min	9,411.96	-1,446.27	-13.32%
WTI Crude •11 mins	57.62	-1.96	-3.29%
Gasoline •15 mins	1.850	+0.005	+0.29%
Silver •10 mins	15.57	-0.11	-0.69%

Silver • 10 mins	15.57	-0.11	-0.69%
Copper • 10 mins	2.697	-0.004	-0.13%
Ethereum • 1 min	198.82	-29.31	-12.85%
Brent Crude • 10 mins	64.54	+0.19	+0.30%
Natural Gas • 10 mins	2.297	+0.011	+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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