Commodity Prices

Gold •370 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,379.30	-12.00	-0.86%
WTI Crude •10 mins	68.62	+0.29	+0.42%
Gasoline •10 mins	2.199	+0.014	+0.63%
Ethanol •370 days	2.161	+0.000	+0.00%
Silver •370 days	30.82	+1.16	+3.92%

Silver • 370 days	30.82	+1.16	+3.92%
Copper • 370 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	70.44	+0.29	+0.41%
Natural Gas • 10 mins	3.289	-0.051	-1.53%
Heating Oil • 10 mins	2.446	+0.005	+0.20%

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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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