Commodity Prices

Gold •357 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,409.10	+66.10	+4.92%
WTI Crude •11 mins	65.04	+0.12	+0.18%
Gasoline •19 mins	2.082	+0.016	+0.79%
Ethanol •357 days	2.161	+0.000	+0.00%
Silver •357 days	30.82	+1.16	+3.92%

Silver • 357 days	30.82	+1.16	+3.92%
Copper • 357 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.80	+0.12	+0.18%
Natural Gas • 10 mins	3.330	-0.076	-2.23%
Heating Oil • 33 mins	2.302	+0.006	+0.26%

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Gold - Back Above 1100

By - Jan 21, 2016, 5:47 AM CST

Gold seems to be in a short-term upside move. Yet, the metal is still trading between hourly support at 1046 (03/12/2015 low) and resistance at 1113 (08/01/2016 high). Expect to show continued a deeper upside move.

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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