Commodity Prices

Gold •272 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,008.00	-19.50	-1.90%
WTI Crude •10 mins	71.25	-0.23	-0.32%
Gasoline •10 mins	2.303	+0.012	+0.53%
Ethanol •272 days	2.161	+0.000	+0.00%
Silver •272 days	30.82	+1.16	+3.92%

Silver • 272 days	30.82	+1.16	+3.92%
Copper • 272 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.48	-0.29	-0.39%
Natural Gas • 10 mins	3.961	-0.158	-3.84%
Heating Oil • 10 mins	2.292	+0.012	+0.54%

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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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