Commodity Prices

Gold •10 mins	1,778.00	+1.30	+0.07%
Platinum •10 mins	1,099.40	+3.30	+0.30%
WTI Crude •10 mins	73.63	+0.55	+0.75%
Gasoline •1 hour	2.277	-0.004	-0.16%
Ethanol •52 mins	2.480	+0.000	+0.00%
Silver •10 mins	26.12	+0.07	+0.27%

Silver • 10 mins	26.12	+0.07	+0.27%
Copper • 10 mins	4.304	-0.001	-0.02%
Brent Crude • 11 mins	75.53	-0.03	-0.04%
Natural Gas • 12 mins	3.436	+0.018	+0.53%
Heating Oil • 36 mins	2.168	+0.005	+0.24%

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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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