Commodity Prices

Gold •797 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,853.20	+27.20	+1.49%
WTI Crude •30 mins	93.03	+1.55	+1.69%
Gasoline •30 mins	3.253	+0.038	+1.18%
Ethanol •797 days	2.161	+0.000	+0.00%
Silver •797 days	30.82	+1.16	+3.92%

Silver • 797 days	30.82	+1.16	+3.92%
Copper • 797 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	99.32	+2.32	+2.39%
Natural Gas • 30 mins	2.916	-0.059	-1.98%
Heating Oil • 30 mins	4.568	+0.028	+0.61%

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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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