Commodity Prices

Gold •10 mins	1,764.40	-14.40	-0.81%
Platinum •10 mins	994.00	-7.10	-0.71%
WTI Crude •10 mins	72.38	+0.15	+0.21%
Gasoline •2 hours	2.129	+0.005	+0.25%
Ethanol •3 hours	2.207	+0.000	+0.00%
Silver •10 mins	22.61	-0.30	-1.32%

Silver • 10 mins	22.61	-0.30	-1.32%
Copper • 10 mins	4.208	-0.044	-1.03%
Brent Crude • 11 mins	76.38	+0.19	+0.25%
Natural Gas • 11 mins	4.779	-0.026	-0.54%
Heating Oil • 21 mins	2.218	+0.007	+0.31%

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Gold - Weakening

By - Nov 24, 2015, 5:55 AM CST

Gold has bounced slightly off 1067 yet technical structure indicates further bearish momentum. Support is given at 1045 (05/02/2015 low) and hourly resistance is given at 1110 (06/11/2015 high). Expected to show continued weakness.

In the long-term, the underlying downtrend (see declining channel) continues to favour a bearish bias. A break of the resistance at 1223 is needed to suggest something more than a temporary rebound. A major support can be found at 1045 (05/02/2010 low).

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