Commodity Prices

Gold •422 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,370.50	+8.80	+0.65%
WTI Crude •5 hours	64.01	-0.59	-0.91%
Gasoline •7 hours	2.188	-0.012	-0.52%
Ethanol •422 days	2.161	+0.000	+0.00%
Silver •422 days	30.82	+1.16	+3.92%

Silver • 422 days	30.82	+1.16	+3.92%
Copper • 422 days	4.530	+0.111	+2.51%
Brent Crude • 7 hours	68.12	-0.50	-0.73%
Natural Gas • 5 hours	2.997	+0.053	+1.80%
Heating Oil • 7 hours	2.267	-0.043	-1.87%

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Gold: Weakening

By - May 01, 2014, 5:44 AM CDT

Gold has successfully tested the resistance at 1307 and has broken the hourly support at 1288 (intraday low). A further decline towards the support at 1269 is favoured. An hourly resistance lies at 1298 (30/04/2014 high).

Longer term, we are skeptical of a long-term bullish reversal pattern. A move back to the previous lows at 1181 (28/06/2013 low) is eventually favoured. A major resistance stands at 1434 (30/08/2013 high).

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