Commodity Prices

Gold •625 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,970.50	+26.80	+1.38%
WTI Crude •1 hour	98.23	+2.68	+2.80%
Gasoline •1 hour	3.286	+0.159	+5.09%
Ethanol •625 days	2.161	+0.000	+0.00%
Silver •625 days	30.82	+1.16	+3.92%

Silver • 625 days	30.82	+1.16	+3.92%
Copper • 625 days	4.530	+0.111	+2.51%
Brent Crude • 25 mins	112.19	+3.54	+3.26%
Natural Gas • 1 hour	3.095	-0.071	-2.24%
Heating Oil • 1 hour	4.608	+0.266	+6.14%

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Gold: Bearishness Persists

By - Dec 24, 2014, 7:57 AM CST

Gold has fallen below support at 1186. Indicating that recent succession of lower highs suggests persistent selling pressures. An hourly resistance lies at 1185 (23/12/2014 reaction high). Other supports stand at 1170 (22.12.2014 low) and 1143.

In the long-term, the move below the strong support at 1181 (28/06/2013 low) confirms the underlying downtrend and opens the way for further declines towards the strong support at 1027 (28/10/2009 low). A break of the strong resistance at 1255 (21/10/2014 high) is needed to invalidate this bearish outlook.

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