Commodity Prices

Gold •702 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,797.90	-102.00	-5.37%
WTI Crude •15 hours	90.54	-2.50	-2.69%
Gasoline •15 hours	3.046	+0.008	+0.25%
Ethanol •702 days	2.161	+0.000	+0.00%
Silver •702 days	30.82	+1.16	+3.92%

Silver • 702 days	30.82	+1.16	+3.92%
Copper • 702 days	4.530	+0.111	+2.51%
Brent Crude • 14 hours	93.09	-1.94	-2.04%
Natural Gas • 15 hours	3.229	-0.107	-3.21%
Heating Oil • 15 hours	3.587	-0.086	-2.35%

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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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