Commodity Prices

Gold •663 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,995.30	-35.10	-1.73%
WTI Crude •11 mins	96.09	+1.69	+1.79%
Gasoline •18 mins	3.485	+0.022	+0.64%
Ethanol •663 days	2.161	+0.000	+0.00%
Silver •663 days	30.82	+1.16	+3.92%

Silver • 663 days	30.82	+1.16	+3.92%
Copper • 663 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	107.79	+2.46	+2.34%
Natural Gas • 12 mins	2.551	+0.028	+1.11%
Heating Oil • 14 mins	3.947	+0.060	+1.54%

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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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