Commodity Prices

Gold •10 mins	1,515.10	+8.90	+0.59%
Platinum •10 mins	942.60	+0.20	+0.02%
WTI Crude •8 hours	58.09	-0.10	-0.17%
Gasoline •8 hours	1.647	-0.016	-0.97%
Ethanol •11 hours	1.362	-0.012	-0.87%
Silver •10 mins	17.85	-0.04	-0.20%

Silver • 10 mins	17.85	-0.04	-0.20%
Copper • 10 mins	2.607	-0.002	-0.08%
Brent Crude • 7 hours	63.20	-0.13	-0.21%
Natural Gas • 8 hours	2.555	-0.014	-0.54%
Heating Oil • 8 hours	1.982	-0.017	-0.87%

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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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