Commodity Prices

Gold •757 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,665.20	+5.00	+0.30%
WTI Crude •12 mins	84.03	+0.44	+0.53%
Gasoline •2 hours	3.285	-0.113	-3.33%
Ethanol •757 days	2.161	+0.000	+0.00%
Silver •757 days	30.82	+1.16	+3.92%

Silver • 757 days	30.82	+1.16	+3.92%
Copper • 757 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	89.03	-1.71	-1.88%
Natural Gas • 14 mins	2.746	-0.012	-0.44%
Heating Oil • 1 hour	4.209	0.000	-0.01%

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Gold: Grinding Higher Towards The Key Resistance at 1280

By - Feb 06, 2014, 5:56 AM CST

Gold remains supported by its rising trendline. Hourly supports stand at 1247 (04/02/2014 low) and 1238 (30/01/2014 low). A key resistance stands at 1280.

Longer term, we continue to view the rise from 1181 (28/06/2013 low) as a counter-trend move within an underlying bearish trend. Therefore the test of the key support at 1181 is seen as the minimum downside risk. Another key support stands at 1045 (05/02/2010 low). Monitor the test of the first key resistance area between 1268 (10/12/2013 high) and 1279 (38.2% retracement of the decline from 1434 (28/08/2013 high).

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