Commodity Prices

Gold •502 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,554.00	-1.70	-0.11%
WTI Crude •11 mins	60.03	+0.12	+0.20%
Gasoline •11 mins	1.974	-0.016	-0.82%
Ethanol •503 days	2.161	+0.000	+0.00%
Silver •502 days	30.82	+1.16	+3.92%

Silver • 502 days	30.82	+1.16	+3.92%
Copper • 502 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.09	-0.11	-0.17%
Natural Gas • 11 mins	4.263	-0.098	-2.25%
Heating Oil • 11 mins	2.645	+0.098	+3.83%

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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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