Commodity Prices

Gold •359 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,351.90	-63.10	-4.46%
WTI Crude •14 hours	65.52	+0.28	+0.43%
Gasoline •14 hours	2.090	-0.009	-0.44%
Ethanol •359 days	2.161	+0.000	+0.00%
Silver •359 days	30.82	+1.16	+3.92%

Silver • 359 days	30.82	+1.16	+3.92%
Copper • 359 days	4.530	+0.111	+2.51%
Brent Crude • 13 hours	67.77	+0.04	+0.06%
Natural Gas • 14 hours	3.739	+0.213	+6.04%
Heating Oil • 14 hours	2.307	-0.053	-2.24%

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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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