Commodity Prices

Gold •373 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,469.90	+57.40	+4.06%
WTI Crude •11 hours	68.45	+1.88	+2.82%
Gasoline •11 hours	2.187	+0.035	+1.61%
Ethanol •373 days	2.161	+0.000	+0.00%
Silver •373 days	30.82	+1.16	+3.92%

Silver • 373 days	30.82	+1.16	+3.92%
Copper • 373 days	4.530	+0.111	+2.51%
Brent Crude • 10 hours	70.36	+1.72	+2.51%
Natural Gas • 11 hours	3.314	-0.023	-0.69%
Heating Oil • 11 hours	2.447	+0.064	+2.68%

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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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